Intangible products are services or ideas that cannot be physically touched. They are often experienced or consumed rather than owned.
Here are two examples of intangible products:
- Financial Advice: Financial advisors provide expert guidance on managing money, investments, and retirement planning. Their service is intangible because it is based on knowledge and expertise, not a physical good.
- Software: Software is a set of instructions that tells a computer what to do. It is intangible because it exists only as data and code, not a physical object.
