Describe at least four tangible and intangible benefits

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Reference no: EM133589415

Business value refers to those values that will lead to short- and long-term benefits for the organization. Describe at least four tangible and intangible benefits and the techniques you can use to help derive business value.

Intangible assets:

Patent: This provides the rights of creating and distributing products to an inventor.

Trademark: This is a symbol, logo or phrase that companies can place on their products, which only that specific company has the right to use.

Brand awareness: This is when consumers recognize a company based on its trademarks and advertisements.

Tangible assets:

Equipment: The equipment that a company uses to manufacture its products is a tangible asset.

Property: The property where a business has its facilities, like a warehouse, factory or office building, is tangible.

Inventory: The amount of product inventory that a company has typically counts as tangible.

Vehicles: Any vehicles that belong to a company are tangible assets, like buses, vans or cars.

Reference no: EM133589415

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