___________________ refers to the fact that services cannot be stored and are to be consumed immediately.
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Perishability: Services cannot be stored, saved, returned or resold once they have been used. ... Inseparability/Simultaneity of production and consumption: This refers to the fact that services are generated and consumed within the same time frame.....
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Answer:
Perishability refers to the fact that services cannot be stored and are to be consumed immediately.
In the economy, both goods and services are produced, however, unlike goods, the services cannot be stored for future sale.
Also, after rendering services to one particular customer, the same cannot be delivered to another one.
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