It's intangible
intqngible assets whats is cost for licensed, bonds insurances etc?
Because it's a service, not a physical product that you can touch
Though both have want satisfying power, products are tangible in nature whereas services are intangible.
The opposite of commodity could be a branded good or product. The opposite (alternative) of a physical commodity could be an intangible one such as a financial derivative.
factors affecting product life cycle
intqngible assets whats is cost for licensed, bonds insurances etc?
Software is considered to be an intangible product. The term intangible refers to something that can not be physically held in the hands.
Three example of an intangible product
product is tangible and service is intangible.
tangible are the likes of airline seats, hotel rooms and meals intangible are scenery, climate, heritage and the friendliness of the host population
product is tangible and service is intangible.
Because it's a service, not a physical product that you can touch
no, intangible
Some tourism products are intangible because they are representative of a natural place. People are attracted to these areas, but there is no direct sale of the commodity.
Tourism products are intangible because there is no transfer of ownership of goods is involved as compared to a tangible product like a refrigerator. In tourism, certain facilities are made available for a specified time and for a specific use.
Aflac is very comparable with other insurances. Alfac, Geico and Progressive are the leaders in car, home and life insurances. Aflac also provides motorcycle insurance.
They are very similar but in product promotion you describe the benefits of using a product and how it will improve your life. In service promotion you describe the value and benefits of opting in to a service. There isn't much of a difference except one is tangible and the other intangible.