Which of the Following Is Not One of the Components

question 40

Multiple Choice

Which of the following is not one of the components of the hospitality product?

• A) Service product
• B) Marketed product
• C) Service delivery
• D) Physical product

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Definitions:

Economies of Scale

Cost advantages obtained by businesses when production becomes efficient, leading to lower per-unit costs.

Profit

The financial gain, typically the difference between the amount earned from selling goods or services and the costs of producing them.

Average Flow Time

The average time that it takes for a task, workpiece, or process to be completed in a system.

Cycle Inventory

The portion of inventory available to meet normal demand during an ordering cycle.