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|Q.||Examples of pure tangible goods include all of the following EXCEPT:|
|Answer» B. Tax preparation.|
Tangible goods are physical products defined by the ability to be touched. They are distinct from intangible goods, which may have value but are not physical entities. Goods that are tangible play a large part in retail, though the purchasing of intangible goods is now widely available through the Internet. They are also distinct from services, such as a spa treatment, since the result of a service is not a tangible product.
Goods that are tangible include anything that can be physically touched, including things like printed books, CDs and DVDs, lamps, groceries, and baseball bats. One of the easiest ways to determine whether a good is tangible or not is to ask if a person could physically touch it or pick it up. If the answer is yes, the good is tangible.
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Examples of Tangible Goods
Digital files, though technically goods, are examples of intangible products. Downloaded video games, applications, music files, or movies cannot physically be touched. Though they can be bought and sold just as easily as tangible items, digital files are not inherently physical. If a person buys music files and burns them onto a CD, however, he or she has created a tangible product, the finished CD, from initially intangible goods.
One of the benefits of tangible products is that they are often easier to return and track than intangible items. Returning a sweater to the store often requires only that the owner has not damaged it and has kept the tags or receipt as proof of purchase. Returning an intangible good, on the other hand, can be much more complicated.