ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Types of Materials
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Raw materials
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Tangible
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Intangible
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Information
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Explanation:
Detailed explanation-1: -An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.
Detailed explanation-2: -Examples of intangible assets include goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists.
Detailed explanation-3: -Intangible products-travel, freight forwarding, insurance, repair, consulting, computer software, investment banking, brokerage, education, health care, accounting-can seldom be tried out, inspected, or tested in advance.
There is 1 question to complete.