An advantage of intangible assets is they contribute to a company's competitive advantage because they are difficult to duplicate or imitate.

Name: An advantage of intangible assets is they contribute to a company's competitive advantage because they are difficult to duplicate or imitate.
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Question

Quizplus · Accepted Answer

Intangible assets, such as patents or brand reputation, can be valuable because they are unique to a company and cannot be easily copied by competitors, giving the company an advantage in the market.

An Advantage of Intangible Assets Is They Contribute to a Company's