An example of a tangible benefit is
A)increased customer satisfaction
B)more current information
C)reduced inventories
D)faster response to competitor actions

Question

Quizplus · Accepted Answer

Reduced inventories are a tangible benefit because it directly relates to a physical aspect of a business, in this case, the amount of inventory on hand. This benefit can be measured and observed through physical inventory counts and financial statements. Increased customer satisfaction, more current information, and faster response to competitor actions are all intangible benefits, as they are difficult to measure and observe directly.

An Example of a Tangible Benefit Is