The Fact That Services Cannot Be Stored and Then Sold

question 81

Multiple Choice

The fact that services cannot be stored and then sold at a later date is called:

• A) intangibility.
• B) heterogeneity.
• C) inseparability.
• D) perishability.
• E) nonstorability.

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Definitions:

Required Production

The amount of production a company needs to meet its sales goals and inventory policies, often calculated based on forecasted sales plus target ending inventory minus beginning inventory.

Manufacturing Corporation

A manufacturing corporation is a company engaged in the industrial production of goods and products.

Produced Units

The total number of units manufactured during a specific period.

Raw Materials

Raw materials are the basic, unprocessed physical materials required for manufacturing products.