« previous next »

Author Question: If you opened a restaurant, would you be providing a tangible product or an intangible service? ... (Read 130 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?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

The Two-Step Persuasion Technique to Encourage Community Service The Two-Step Persuasion Technique to Encourage Community Service
Patent medicines contained a name brand that clearly identified the product and claimed to cure just ... Patent medicines contained a name brand that clearly identified the product and claimed to cure just ...
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Use the product rule to find derivative Use the product rule to find derivative
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
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: Type of Cell Junctions - Desmosome, Hemidesmosomes and Gap Junctions

For a complete list of videos, visit our video library