Three example of an intangible product
Internally generated intangible assets mean those assets which are created by the firm by the use of its own Intellectual Properties, that is, their own knowledge for example the Goodwill, Patents to produce a particular product, Copyrights etc..
1 - Goodwill 2 - market related intangible assets 3 - Customer related intangible assets 4 - Contract related intangible assets 5 - Artistic related intangible assets 6 - Technology related intangible assets
patents are intangible assets as these have not physical existence. patent is a right to use something which is not physical that's why it is an intangible asset.
Tangible is something you can touch and Intangible means something you can't touch. An example of Tangible waste can be an empty can and an Intangible waste can be air pollution.
Software is considered to be an intangible product. The term intangible refers to something that can not be physically held in the hands.
It's intangible
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
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.
A service is an intangible act that a business or person performs for a customer, such as mowing a lawn. A product is a tangible item, such as clothing.
In the hotel industry, the food and drinks served for eating purpose are called tangible products. The luxuries provided by the hotel to the customers are called intangible products. For example Air-conditioned restaurant supply food and drinks to the customers which is a tangible product and the chillness provided to the customers is an intangible product. T.J.SURUTHI, H-63, Palaami Enclave, New Natham Road, Madurai-625014
Though both have want satisfying power, products are tangible in nature whereas services are intangible.