The impossibility of a barber storing haircuts for later sale is an example of which of the following?

Question

Quizplus · Accepted Answer

Service perishability refers to the fact that services cannot be stored for later sale or use. Unlike physical goods, services are produced and consumed simultaneously and cannot be saved, stored, or inventoried. The example of a barber not being able to store haircuts for later sale perfectly illustrates this characteristic, as the service (the haircut) must be consumed at the point of delivery and cannot be kept for future transactions.

The Impossibility of a Barber Storing Haircuts for Later Sale