Which of the following is an example of an intangible product that is considered a service?

Inhaltsverzeichnis Show

What is service considered as intangible?
What are the 5 intangible products?
What are examples of intangible items?
What are intangible goods and services?

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What is service considered as intangible?

Services are intangible because they can often not be seen, tasted, felt, heard, or smelled before they are purchased. A person purchasing plastic surgery cannot see the results before the purchase, and a lawyer's client cannot anticipate the outcome of a case before the lawyer's work is presented in court.

What are the 5 intangible products?

Examples of intangible products.

Education..

Software..

Insurance..

Maintenance and repair..

Consulting and advice..

Accounting..

Copyrights, trademarks, and patents..

What are examples of intangible items?

An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.

What are intangible goods and services?

An intangible good is claimed to be a type of good that does not have a physical nature, as opposed to a physical good (an object). Digital goods such as downloadable music, mobile apps or virtual goods used in virtual economies are proposed to be examples of intangible goods.