Definition, Meaning & Synonyms
intangible product
noun
/ɪnˈtæn.dʒə.bəl ˈprɒdʌkt/
Definition
A product that cannot be physically touched or owned, often involving services, digital goods, or experiences.
Examples
- Software subscriptions are considered intangible products because they are accessed digitally.
- Consulting services provided to businesses are a classic example of intangible products.
Meaning
Intangible products are those that exist in a non-physical form, providing value through their use rather than through ownership.
Synonyms
- Service
- Experience
- Digital product
- Non-physical product
