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Because it's a service, not a physical product that you can touch
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∙ 14y ago
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Is life insurances an intangible product or not?
It's intangible
What is tangible vs intangible cost?
Tangible costs are things that a business would write a check out for, such as insurance, salaries, leases, and medical benefits. Intangible costs are things such as lower employee morale, dissatisfaction from customers due to lower quality customer service, or unhappy with working conditions.
What is the best description of a consumer service?
It is an intangible economic activity that cannot be touched or carried.It is an intangible economic activity that cannot be touched or carried
Tangible and intangible factors of economics?
Tangible would include the money and products that are in the economy. The intangible would be the value placed on the products in the economy.
What is the d ifference between Fictitious assets and Intangible Asset?
Intangible assets are basically fixed assets that have no physical status (e.g. goodwill, patentright,copyright etc) . The Intangible assets are written off after a specified period. Fictitious assets also have no physical existence but they only include the assets having the nature of deffered revenue expenditures (e.g. deffered advertisement expenses, discount on issue of shares or debentures).
Is life insurance a tangible asset?
no, intangible
What does intangible?
cannot tuch we feel it i.e insurance policy
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.
Types of intangible assets?
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
Intangible in a sentence?
Sometimes things that you want are intangible.
Is life insurances an intangible product or not?
It's intangible
Do you have any intangible product or service sales experience?
30 years experience selling insurance, investments, 401k packages, alternative income investments.
What is intangible product?
Software is considered to be an intangible product. The term intangible refers to something that can not be physically held in the hands.
What are examples of intangible Products?
Three example of an intangible product
Are patents 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.
What is tangible vs intangible cost?
Tangible costs are things that a business would write a check out for, such as insurance, salaries, leases, and medical benefits. Intangible costs are things such as lower employee morale, dissatisfaction from customers due to lower quality customer service, or unhappy with working conditions.
Intangible assets are depreciated or not?
Intangible assets are subject to devaluation not depreciation.
