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intangible goods

 

Definitions from the Web

Intangible Goods

Definition: Intangible goods are products that cannot be physically touched or held, but still provide value to the consumer. They are typically services, experiences, or intellectual property.

Examples:

Noun (Singular): An example of an intangible good is a software license.

Noun (Plural): Businesses often sell intangible goods such as digital music or online courses.

Adjective: The company offers intangible goods that enhance customer satisfaction.

Sample Sentences:

1. The online bookstore offers a wide variety of intangible goods, including e-books and audiobooks.

2. Many companies invest heavily in research and development to create valuable intangible goods.

3. Music streaming platforms have revolutionized the distribution of intangible goods, allowing people to access their favorite songs instantly.

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