If something is an intangible or tangible characteristic of a product, service, or offering, it is considered a?

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12-09-2022
Business

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If something is an intangible or tangible characteristic of a product, service, or offering, it is considered a?

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choprayogita110 choprayogita110 · Answer 1 · 2022-09-16T04:57:48+02:00

A service is considered to be something that is intangible, and a product is considered to be something that is tangible.

Intangible assets are those that don't have any physical parts. Software, patents, copyright, franchises, goodwill, and trademarks are a few examples. Unlike material and monetary assets, this Valuing an intangible asset is typically very difficult.

An asset is considered to be intangible if it has no physical form. Goodwill, brand recognition, and intellectual property like patents, trademarks, and copyrights are examples of intangible assets. An intangible asset is a type of asset that cannot be physically touched or seen but still has value. Examples of intangible property include licenses, copyrights, a brand's name, and computer software.

Learn more about intangible here

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