Final answer:
A service is perishable since it cannot be stored and must be consumed simultaneously with its creation.
Step-by-step explanation:
A service is considered perishable since it cannot be stored and must be consumed simultaneously with its creation. Unlike goods, which can be stored or kept for later use, services are intangible and are performed in real time. For example, a haircut, a visit to the dentist, or a flight are all services that cannot be stored and must be consumed when they are provided.