Intangible things that are done for us

Study for the Higher Business Management Test. Enhance your knowledge with multiple-choice questions, hints, and detailed explanations. Get fully prepared for your exam!

Multiple Choice

Intangible things that are done for us

The main idea here is recognizing the difference between tangible items and activities performed for someone. Services are actions or performances provided to a customer, like cooking, teaching, or repairing a car. They are intangible because you can’t touch or own the service itself in the way you can with a physical object, and you typically experience it rather than store it.

In contrast, land is a physical asset, a tangible resource. A share is a financial instrument representing ownership in a company, not an action done for you. Goods are physical items you can touch and own, such as a book or a chair. So, the option that describes “intangible things that are done for us” is services.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy