Ask Question
BusinessBusiness
15 November, 15:23

Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home and back. The business is profitable during the summer months, but when the storage space is unoccupied in the off-season, Alex loses money. Which characteristics of service is most likely the source of Alex's problem?

+3
Answers (1)
  1. 15 November, 17:00
    0
    Answer: Perishability

    Explanation: In simple words, perishability refers to the problem under which a service is in use for a definite period of time and after that has no value.

    In the given case, the storage capacity of Alex Smith has no use after summer months.

    Hence from the above we can conclude that the source of problem is perishability.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home and back. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You can save $3,000 per year for the next five years in an account earning 8 percent per year. how much will you have at the end of the fifth year if you make the first deposit today? (do not round intermediate calculations.
Answers (1)
Darla had $750 in her checking account when her debit card was stolen. assuming the thief made $525 in purchases with the card, how much could she save by reporting the stolen atm card immediately rather than waiting more than three months before
Answers (1)
The normal distribution curve is also called the bell curve.
Answers (1)
Which is the single largest source of tax revenue for the state of texas?
Answers (1)
What is the value of a 10 percent annual coupon, $1,000 par value bond with 20 years to maturity if the required rate of return on the bond is 12 percent?
Answers (1)
New Questions in Business
Pirate Corporation acquired 85 percent of Ship Company's voting shares of stock in 20X7. During 20X8, Pirate purchased 50,000 circuit boards for $15 each and sold 28,000 of them to Ship for $20 each.
Answers (1)
The term of an invoice of $2800 were 2/10, 1/30, n/60. The buyer sent a part payment of $980 within 10 days and the balance due 15 days later. How much cash discount could be taken?
Answers (1)
Baxter company produces children's wiffle ball sets using a three-step sequential process that includes molding, coloring, and finishing. when the sets are completely finished, out of which account should the cost be transferred?
Answers (1)
Who is responsible for first mass producing cars on the assembly line in world war 1?
Answers (1)
What would you call a object that makes people shut up
Answers (1)
Home » Business » Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home and back.
Sign Up Forgot Password?