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Author Question: If you opened a restaurant, would you be providing a tangible product or an intangible service? ... (Read 163 times)

captainjonesify

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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
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bitingbit

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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


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captainjonesify

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Reply #2 on: Jul 6, 2018
Thank you :)


bitingbit

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Reply #3 on: Jul 6, 2018
Happy to help you


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