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Provide a discussion AND example about the following concepts (one or two sentences, in your own words) (15 points); a. Intangible (or intangibility) b. Perishability c. Inseparability d. Sustainability e. Empowerment

User Btevfik
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1 Answer

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Answer:

Intangible: Intangibility refers to something that cannot be touched. A company brand logo is an example of an intangible asset.

Perishability: Perishability in business refers to a good that cannot be stored for a long time. A good that is not durable. e.g food and fruit in a grocery store.

Inseparability: is mostly associated to a service, most services supply cannot be separated from consumption, as services cannot be stored. e.g having an hair cut in a barber's shop (which is a service) cannot be stored. as it is inseparable.

Sustainability: refers to being consistent in standards and existence.

Empowerment: This has to do with giving power or autonomy to a people with a focus of making them realize their innate potentials.

Step-by-step explanation:

Intangible: Intangibility refers to something that cannot be touched. A company brand logo is an example of an intangible asset.

Perishability: Perishability in business refers to a good that cannot be stored for a long time. A good that is not durable. e.g food and fruit in a grocery store.

Inseparability: is mostly associated to a service, in a service industry, supply cannot be separated from consumption, as services cannot be stored. e.g having an hair cut in a barber's shop (which is a service) cannot be stored, as it is inseparable.

Sustainability: refers to being consistent in standards and existence.

Empowerment: This has to do with giving power or autonomy to a people with a focus of making them realize their innate potentials.

User Akash Mehta
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8.3k points
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