Perishability

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Perishability is used in marketing to describe the way in which service capacity cannot be stored for sale in the future. It is a key concept of services marketing. [1]

Other key characteristics of services include intangibility, inseparability, fluctuating demand, pricing of services, heterogeneity and variability.

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Market is a term used to describe concepts such as:

A marketing year is a period of one year, designated for reporting and (or) analysis of production, marketing and disposition of a commodity. Because of year-to-year fluctuations in production, much marketing and disposition of some commodities may reflect production that occurred during a previous calendar year. For this reason, analysis is often facilitated if the marketing year for a crop commences at about the time of harvest. However, world markets or other factors may also influence choice of beginning date for the marketing year for some commodities in some countries. Especially in the case of certain perishable fresh fruits and vegetables, the marketing year may be less than a full year in length, because economic activity of interest for reporting and analysis may be concluded within just a few months.

References

  1. Palmer, Adrian (2005). Principles of Services Marketing. London: McGraw Hill. p. 37. ISBN   0-07-710794-2.