Each of the Following Is a Characteristic of the Hospitality

question 20

Multiple Choice

Each of the following is a characteristic of the Hospitality Industry EXCEPT:

• A)characterized by shift work
• B)no such thing as business hours
• C)product is intangible and perishable
• D)the service product and the guest are separate

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Definitions:

Intermediation Revenue Model

A business model where revenue is generated by facilitating transactions between two or more parties.

Real Estate Brokers

Professionals licensed to arrange real estate transactions, negotiating deals between buyers and sellers, often representing one of the parties.

Income Statement

A financial statement that reports a company's revenues, expenses, and profits over a specific period of time.

Operating Costs

Expenses associated with the routine functioning of a business or system.