is a nonphysical service such as tennis lessons, personal training, and sorts camps. is a nonphysical service such as tennis lessons, personal training, and sorts camps.
Three example of an intangible product
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.
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.
Banking products are all services as they could not be touched, but rather the benefits could be felt, thus the on-lie products are intangible products
lodging, food and service which is intangible
product is tangible and service is intangible.
sense of safety
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.
servicesare intangible whereas phroducts are tangible
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
Basically service marketing is intangible in nature because they are the convenience provided to us by a service provider, but in some cases where the services are related with some tangible products; like- in restaurants, etc.
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.