Question

In the hospitality and tourism industry, if a “product” isn’t sold that day, the profit from that product on that day is lost. What defining characteristic is this an example of?

(1 point)
Responses

perishability

perishability

consistency

consistency

inconsistency

inconsistency

regulation

Answer 1

The defining characteristic described in the scenario is **perishability**. In the hospitality and tourism industry, products such as hotel rooms, airline seats, and restaurant tables can expire if not sold on a given day, leading to a loss of potential profit.