Non-Tangible Asset
Content
Definition
A Non-Tangible Asset is an asset that cannot be touched or physically measured, such as intellectual property or brand reputation.
Usage and Context
Non-tangible assets provide significant value to a business through non-physical means, often contributing to competitive advantage and overall business worth.
Frequently asked questions
- What is an example of a non-tangible asset? An example of a non-tangible asset is intellectual property, such as patents or trademarks.
- What are the 7 intangible assets? The 7 intangible assets often include intellectual property, brand reputation, goodwill, customer relationships, trade secrets, software, and employee skills or know-how.
- What are considered intangible assets? Intangible assets include non-physical items such as patents, trademarks, copyrights, brand equity, goodwill, software, and proprietary technology.
Benefits
Non-tangible assets can enhance a company’s competitive edge, increase its market value, and contribute to long-term business success and growth.
Conclusion
Non-tangible assets, despite their non-physical nature, play a crucial role in a company`s value and competitive positioning, offering significant benefits through intellectual property and brand strength.
