Tangible costs include losing a competitive edge, losing the reputation for being first with an innovation or the leader in a field, declining company image due to increased customer dissatisfaction, and ineffective decision making due to untimely or inaccessible information.

Question

Quizplus · Accepted Answer

Tangible costs refer to measurable financial expenses, while the examples given are intangible costs related to reputation and competitive position.

Tangible Costs Include Losing a Competitive Edge, Losing the Reputation