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Sergi began his sales presentation by saying, "I'm new at selling safety equipment, so I was wondering if you could tell me what you believe are the attributes of our product that helps you be our number one re-seller." What kind of approach is Sergi using with his customer?
Intangible Asset
An asset that lacks physical substance, such as patents, trademarks, and copyrights, holding value for a business.
Land
A non-depreciable asset representing the earth's surface that a business owns for operation purposes.
Intangible Asset
An Intangible Asset is a non-physical asset possessed by a company, such as intellectual property, goodwill, and licenses, offering future economic benefits.
Goodwill
When a business is purchased, the difference between the price paid and the fair value of the net assets is goodwill. Goodwill may depend on brand names, business location, service, or other elements; it is a valuable asset that plays an important part in the expected rate of future earnings of a business.
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