Examlex
The owners of hotels whose services are produced and consumed at the same time know that consumers do not have the opportunity to try out their service before purchasing. Many hotels use ________ to overcome the problem of inseparability of services.
Note Payable
A written promissory note where the borrower agrees to pay back the lender a specified amount of money at a future date or on demand.
Cash
A form of liquid asset that includes currency, coins, and balances in bank accounts, used by businesses to carry out transactions.
Common Stock
Equity ownership in a corporation, with holders usually having voting rights and receiving dividends variable with the company’s profitability.
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