What nature of service does resorts and casino has? How and why? Explain the following nature of services ofthe company.1. Jintangibility- A service can be experienced by the buyer or the receiver.Inseparability-is the characteristic that a service has which renders it impossible todivorce the supply or production of the service from its consumption.Variability- The change varies because of the nature of the service, the person whoprovides the time of the year when it is provided and the method of delivery of the servicePerishability-Perishability is used in marketing to describe the way in which servicecapacity cannot be stored for sale in the future.NATURE OFSERVICE

Answered: Explain the following nature of…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

What nature of service does resorts and casino has? How and why?

Explain the following nature of services of
the company.
1. Jintangibility- A service can be experienced by the buyer or the receiver.
Inseparability-is the characteristic that a service has which renders it impossible to
divorce the supply or production of the service from its consumption.
Variability- The change varies because of the nature of the service, the person who
provides the time of the year when it is provided and the method of delivery of the service
Perishability-Perishability is used in marketing to describe the way in which service
capacity cannot be stored for sale in the future.
NATURE OF
SERVICE

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More and more people describe the global economy as a service economy. This is primarily because the service sector is becoming more and more significant in both developed and developing economies. In fact, the expansion of the service sector has long been regarded as a sign of a nation's economic development. According to economic history, every developing country has inexorably undergone a transition from agriculture to industry, and finally to the service sector as the foundation of the economy. A change in the definition of commodities and services itself has also resulted from this transition.