What is perashibility?

Answer 1

Perishability refers to the characteristic of products or services that have a limited lifespan and cannot be stored for long periods without losing their value or quality. This concept is particularly relevant in industries like food, hospitality, and tourism, where goods or experiences must be consumed or utilized within a specific timeframe. If not used or sold quickly, perishable items may spoil, decay, or become obsolete, leading to financial losses. Understanding perishability is crucial for effective inventory management and marketing strategies.