Consumer demand for H&T services exhibits very cyclic behavior over a short period of time. This describes the ______ characteristic of the H&T industry.

Question

Quizplus · Accepted Answer

The fact that consumer demand for H&T services is highly cyclical over a short period of time exhibits the perishability characteristic of the industry, as the service being offered cannot be stored or saved for later use. This means that if a service is not used at a particular time when there is demand for it, it is lost forever.

Consumer Demand for H&T Services Exhibits Very Cyclic Behavior Over