Asset

Definition

An asset is something an entity owns or has use of that generates income or other financial benefits. An asset can be tangible or intangible in nature.

Tangible assets include such things as plants, equipment, inventory, and real estate.

Intangible assets include such things as brands, patents, trademarks, and customer lists. [1]

 

References

  1. Common Language in Marketing Project, 2018.

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