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Intangible goods and services would be anything you can't physically touch, hold, feel. An apple is a tangible good. Hiring someone as a consultant is an intangible service. Another example would be an electronic download (such as a song or program), which is intangible. On the other hand, a record which has the same song on it would be tangible because it is a physical object.

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Q: What are intangible goods and services?
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Related questions

Which of the following is true about goods and services?

The answer is D. Assuming the options are: A. Goods are generally more expensive to the consumer. B. Goods and services are often sold by the consumer. C. Services are usually provided at a distance while goods are produced locally. D. Goods are physical while services are intangible.


Give examples of tangible and intangible services and goods?

Some tangible goods are things that can be touched or felt, physically. - Jewelry, clothes, TVs Where as Intangible things are those that cant be touched or felt, via sensory perceptions. - Computer programs, TV shows, or an Insurance policy, regulation's and rules are all Intangible services or goods.


What is the meaning of crop production?

the process of utilising tangible and intangible input to get goods and services


What is service product continuum?

•Service: intangible task that satisfies consumer or business user needs•Goods-services continuum: device that helps marketers to visualize the differences and similarities between goods and services


What is the definition of service sector?

The service sector is a segment of the economy that provides intangible goods and services to consumers, such as healthcare, education, finance, and entertainment. It does not involve the production of physical goods.


Is tattooing tangible or intangible service?

Intangible. Services are innately intangible because no physical asset is produced. While a tattoo may be considered tangible (since there is something to see once the service is completed), tattooing falls into the same group of services as: * Manicures * Hair Styling * Spa Treatments And all of the above services are considered intangible, despite any physical results.


What is Tertiary Production?

Tertiary production is part of the three sectors of the economic theory. The tertiary production refers to the creation of intangible goods and provides services to the two other sectors of economic theory.


Are services tangible?

Tangible in essence is something that can be touched. Since services can't be touched they are intangible.


How do you place a value on money?

By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.


Are movies and songs intangible products?

Intangible products are more like servies. It could be assumed that movies and songs would be since they cannot be touched which technically makes it intangible but because intangible is services, movie and songs would be tangible.


What services are offered by FreeBay?

The services offered by Free Bay are for people who have goods or excess goods they don't need or use anymore. They have also introduced the Swop Shop page where a person can trade goods for goods, goods for services, services for goods, and services for services.


Match the role with the actions taken by players in that role.?

consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services