MANAGEMENT

Detailed explanation-1: -Tangible assets are typically physical assets or property owned by a company, such as computer equipment. Tangible assets are the main type of assets that companies use to produce their product and service. Intangible assets don’t physically exist, yet they have a monetary value since they represent potential revenue.

Detailed explanation-2: -Tangible assets are usually physical objects (like equipment and inventory) while intangible assets are valuable assets that can’t be touched (such as trademarks). Both tangible and intangible assets have value and can be bought and sold. It is easier to establish the value of a tangible asset than an intangible asset.

Detailed explanation-3: -Examples of tangible assets are machinery, building, vehicles, land. Examples of intangible assets are intellectual property rights, copyright, company logo, goodwill, patents trademarks, etc.

Detailed explanation-4: -A tangible product is a physical object that can be perceived by touch such as a building, vehicle, gadget, or clothing.

Detailed explanation-5: -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.