The perishability of services prevents the storage and shifting of services from low to high demand periods.

Question

Quizplus · Accepted Answer

Perishability refers to the characteristic of services that they cannot be stored or inventoried, and therefore cannot be shifted from low to high demand periods. This is because services are typically provided in real-time, and there is no physical product that can be stockpiled or saved for later. Thus, the supply of services is fixed in the short term, and cannot be easily adjusted to match fluctuations in demand.

The Perishability of Services Prevents the Storage and Shifting of Services