A cosmetics company owns a patent for particular kind of shampoo which is a bestseller in the market.It enables the firm to extract a high level of discretion over product pricing.The patent for the shampoo is an example of a firm's _____ resource.
A) tangible
B) human
C) natural
D) intangible

Question

Quizplus · Accepted Answer

The patent for the shampoo is an example of an intangible resource as it is a legal right to exclude others from making, using, or selling the shampoo. It is not something physical or natural, nor is it related to the company's human resources.

A Cosmetics Company Owns a Patent for Particular Kind of Shampoo