ENTREPRENEURSHIP

Detailed explanation-1: -Tangible goods are products or items you can see, feel, and touch. For instance, these products can include books, food items, groceries, medicine, and skincare products. They differ from intangible products such as health care, accounting and financing services, consulting, travel, and insurance.

Detailed explanation-2: -Examples of tangible goods are books, watches, cars, clothes, electronics, TV, or anything physical in nature. On the other hand, intangible goods are those that do not exist in the physical world. For example, a software product is an intangible type of good as it cannot be physically touched.

Detailed explanation-3: -A soccer ball is an example of a tangible product. Most goods are tangible products. For example, a soccer ball is a tangible product . A soccer ball is an example of a tangible product, specifically a tangible good.

Detailed explanation-4: -An item is tangible if it can be touched and has a real, physical presence. Some definitions of tangible may include the description that the asset can be seen, but this description could also be used to describe items you can’t touch (i.e. digital currency balances can be seen on a monitor).