Question: A restaurant converts inputs into substantially different outputs, a key characteristic of a manufacturing firm. Yet, most would classify a restaurant as a service firm.

A restaurant converts inputs into substantially different outputs, a key characteristic of a manufacturing firm. Yet, most would classify a restaurant as a service firm. How would you classify a restaurant? Why?


Step by Step Solution

3.29 Rating (181 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Yes a restaurant would typically be classified as a service firm because the benefit from th... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

229-B-M-A-C (783).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!