« previous next »

Author Question: If you opened a restaurant, would you be providing a tangible product or an intangible service? ... (Read 161 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?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Josiah Wedgwood, Queen's Ware dinner service (detail). Josiah Wedgwood, Queen's Ware dinner service (detail).
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library