Differential between tangible and intangible product. Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 8, Problem 1QA

Summary Introduction

To determine: Differential between tangible and intangible product.

Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

Expert Solution & Answer

Answer to Problem 1QA

A product which be touched by human hand are termed as tangible product while product which cannot be touched or felt are termed as intangible product.

Explanation of Solution

Given information: Tangible and intangible category of products.

Companies produce products in the form of goods and services. The goods that can be touched or felt are termed as a tangible product while the product that cannot be touched or felt is termed as an intangible product such as service. Some of the difference between tangible and intangible product are as follows:

Tangible products have physical existence while the intangible product does have any physical existence.
A tangible product can be destroyed by natural or manmade calamities while the intangible product cannot be destroyed by natural or manmade calamities.
Selling a tangible product is much easier than selling an intangible product.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

A sample concepts personifying the target market of young adults or teenagers, defined in terms of demographic, psychographic and geographic characteristics.

From a cultural perspective, based on research that you have conducted. Select three of the listed topics you consider relevant to explore in your discussion that will help a company better understand what it is like to live as a citizen in the country you have chosen: geography, social institutions (e.g., family, education, politics, legal system, and social welfare), religion, living conditions, and language.

'Memories in a box' is a business involved in gift baskets for all occassions and event planning located in Trinidad and tobago a) Provide a brief background of the company. include the business concept and give justification for the profitability of this venture in the current market or economy. b) Emphasize the unique selling points of the business. C) Identify the products and services that the company intends to offer, to include the target market. d) State the strategic vision and mission for the business.

Answer 2

Question

Chapter 8, Problem 1QA

Summary Introduction

To determine: Differential between tangible and intangible product.

Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

Expert Solution & Answer

Answer to Problem 1QA

A product which be touched by human hand are termed as tangible product while product which cannot be touched or felt are termed as intangible product.

Explanation of Solution

Given information: Tangible and intangible category of products.

Companies produce products in the form of goods and services. The goods that can be touched or felt are termed as a tangible product while the product that cannot be touched or felt is termed as an intangible product such as service. Some of the difference between tangible and intangible product are as follows:

Tangible products have physical existence while the intangible product does have any physical existence.
A tangible product can be destroyed by natural or manmade calamities while the intangible product cannot be destroyed by natural or manmade calamities.
Selling a tangible product is much easier than selling an intangible product.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 8, Problem 1QA

Summary Introduction

To determine: Differential between tangible and intangible product.

Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

Expert Solution & Answer

Answer to Problem 1QA

A product which be touched by human hand are termed as tangible product while product which cannot be touched or felt are termed as intangible product.

Explanation of Solution

Given information: Tangible and intangible category of products.

Companies produce products in the form of goods and services. The goods that can be touched or felt are termed as a tangible product while the product that cannot be touched or felt is termed as an intangible product such as service. Some of the difference between tangible and intangible product are as follows:

Tangible products have physical existence while the intangible product does have any physical existence.
A tangible product can be destroyed by natural or manmade calamities while the intangible product cannot be destroyed by natural or manmade calamities.
Selling a tangible product is much easier than selling an intangible product.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 8, Problem 1QA

Summary Introduction

To determine: Differential between tangible and intangible product.

Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

Expert Solution & Answer

Answer to Problem 1QA

A product which be touched by human hand are termed as tangible product while product which cannot be touched or felt are termed as intangible product.

Explanation of Solution

Given information: Tangible and intangible category of products.

Companies produce products in the form of goods and services. The goods that can be touched or felt are termed as a tangible product while the product that cannot be touched or felt is termed as an intangible product such as service. Some of the difference between tangible and intangible product are as follows:

Tangible products have physical existence while the intangible product does have any physical existence.
A tangible product can be destroyed by natural or manmade calamities while the intangible product cannot be destroyed by natural or manmade calamities.
Selling a tangible product is much easier than selling an intangible product.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 8, Problem 1QA

Summary Introduction

To determine: Differential between tangible and intangible product.

Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

Expert Solution & Answer

Answer to Problem 1QA

A product which be touched by human hand are termed as tangible product while product which cannot be touched or felt are termed as intangible product.

Explanation of Solution

Given information: Tangible and intangible category of products.

Companies produce products in the form of goods and services. The goods that can be touched or felt are termed as a tangible product while the product that cannot be touched or felt is termed as an intangible product such as service. Some of the difference between tangible and intangible product are as follows:

Tangible products have physical existence while the intangible product does have any physical existence.
A tangible product can be destroyed by natural or manmade calamities while the intangible product cannot be destroyed by natural or manmade calamities.
Selling a tangible product is much easier than selling an intangible product.

Answer 6

Chapter 8, Problem 1QA

Summary Introduction

To determine: Differential between tangible and intangible product.

Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

Expert Solution & Answer

Answer to Problem 1QA

A product which be touched by human hand are termed as tangible product while product which cannot be touched or felt are termed as intangible product.

Explanation of Solution

Given information: Tangible and intangible category of products.

Companies produce products in the form of goods and services. The goods that can be touched or felt are termed as a tangible product while the product that cannot be touched or felt is termed as an intangible product such as service. Some of the difference between tangible and intangible product are as follows:

Tangible products have physical existence while the intangible product does have any physical existence.
A tangible product can be destroyed by natural or manmade calamities while the intangible product cannot be destroyed by natural or manmade calamities.
Selling a tangible product is much easier than selling an intangible product.

Answer 7

Chapter 8, Problem 1QA

Summary Introduction

To determine: Differential between tangible and intangible product.

Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

Answer 8

Expert Solution & Answer

Answer to Problem 1QA

A product which be touched by human hand are termed as tangible product while product which cannot be touched or felt are termed as intangible product.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Given information: Tangible and intangible category of products.

Companies produce products in the form of goods and services. The goods that can be touched or felt are termed as a tangible product while the product that cannot be touched or felt is termed as an intangible product such as service. Some of the difference between tangible and intangible product are as follows:

Tangible products have physical existence while the intangible product does have any physical existence.
A tangible product can be destroyed by natural or manmade calamities while the intangible product cannot be destroyed by natural or manmade calamities.
Selling a tangible product is much easier than selling an intangible product.

Answer 12

Ch. 8 - Prob. 1QA Ch. 8 - Prob. 2QA Ch. 8 - Prob. 3QA Ch. 8 - Prob. 4QA Ch. 8 - Prob. 5QA Ch. 8 - Prob. 6QA Ch. 8 - Prob. 7QA Ch. 8 - Prob. 8QA Ch. 8 - Prob. 9QA Ch. 8 - Prob. 10QA

Differential between tangible and intangible product. Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

To determine: Differential between tangible and intangible product. Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.

Answer to Problem 1QA

Explanation of Solution

Want to see more full solutions like this?

Chapter 8 Solutions

To determine: Differential between tangible and intangible product.

Introduction: A product is a substance, an item, an article which is produced for selling it to a customer in exchange of a monitory value. A product can be tangible or intangible.