An Example of an Intangible Asset Is

question 3

Multiple Choice

An example of an intangible asset is:

• A)a patent.
• B)a building.
• C)assembly cost.
• D)land.

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Definitions:

Niche Marketing

A targeted marketing strategy focusing on a specific portion of the market with unique preferences or requirements.

Specialized Needs

Particular requirements or conditions necessary for specific populations, activities, or processes, usually requiring customized solutions.

Higher Prices

Charging more for goods or services than the average market rate, often associated with premium quality or brand reputation.

Global Segmentation

The process of dividing a global market into distinct subgroups of consumers with common preferences or needs.