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

How do consumer products differ from industrial products?

What are the four marketing elements that distinguishservices from products?

What is meant by advance against goods? Discuss the advantages and disadvantages of it

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.