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Detailed explanation-1: -Intangible attributes refer to the other features of the product that are not physical in form. This is where things such as beauty, quality, or style are considered and add value to the product. For example, a laptop can have both tangible attributes and intangible attributes.

Detailed explanation-2: -What is intangibility? In marketing, intangibility means the inability of a consumer to pre-assess the value of using a service. Unlike a physical product, a service cannot be seen, tasted, felt, heard, or smelled prior to its purchase. This makes it hard to evaluate its quality.

Detailed explanation-3: -An intangible good is claimed to be a type of good that does not have a physical nature, as opposed to a physical good (an object). Digital goods such as downloadable music, mobile apps or virtual goods used in virtual economies are proposed to be examples of intangible goods.

Detailed explanation-4: -Tangible assets are the main type of assets that companies use to produce their product and service. Intangible assets are non-physical assets that have a monetary value since they represent potential revenue. Intangible assets include patents, copyrights, and a company’s brand.