Because it's a service, not a physical product that you can touch
It's intangible
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.
Insurance falls under the category of service goods, specifically within the realm of financial services. Unlike tangible consumer goods, insurance products provide intangible benefits and protection against risks. Consumers purchase insurance for security and peace of mind rather than physical possession.
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 would include the money and products that are in the economy. The intangible would be the value placed on the products in the economy.
no, intangible
cannot tuch we feel it i.e insurance policy
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.
30 years experience selling insurance, investments, 401k packages, alternative income investments.
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
Sometimes things that you want are intangible.
It's intangible
intangible, untouchable.
Software is considered to be an intangible product. The term intangible refers to something that can not be physically held in the hands.
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.
Three example of an intangible product
Tagalog translation of INTANGIBLE: di nasasalat