« previous next »

Author Question: If you opened a restaurant, would you be providing a tangible product or an intangible service? ... (Read 146 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jul 6, 2018
If you opened a restaurant, would you be providing a tangible product or an intangible service? Explain your answer.
 
  What will be an ideal response?

Question 2

A break-even analysis expresses when the volume of sales exactly covers the fixed costs.
 
  Indicate whether the statement is true or false
Entrepreneurship and Small Business Management ¦ Mariotti, Glackin ¦ 2nd Edition
Buy Test-Bank


bitingbit

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 6, 2018
Answer to Question 1

Both. The food that is consumed by the customer is a tangible product. The service provided by wait staff, the quality and speed of the delivery of food, the friendliness of all staff, the atmosphere of the dining room, and all the things that are part of the experience of dining at a particular restaurant are intangible in nature.

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jul 6, 2018
Thank you :)


bitingbit

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jul 6, 2018
Happy to help you


« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

The connector must be opened (disconnected) to check and/or adjust the ignition timing. On DIS/EDIS ... The connector must be opened (disconnected) to check and/or adjust the ignition timing. On DIS/EDIS ...
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Closed and Open Food Product Dating Closed and Open Food Product Dating
A random sample of 87 airline pilots recruited by an airline service had an average yearly ... A random sample of 87 airline pilots recruited by an airline service had an average yearly ...
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering
Video: Skin Cancer

For a complete list of videos, visit our video library