Which of the following is an example of an intangible cost?
A) Employee salaries
B) Loss of customer goodwill
C) Reduced inventory-carrying costs
D) Improved customer service

Question

Quizplus · Accepted Answer

Intangible costs are non-monetary costs that cannot be easily quantified or measured. They are costs that are not directly related to the production or purchase of goods and services, but which can still have a significant impact on a company's profitability. Loss of customer goodwill is an example of an intangible cost because it cannot be easily measured, but it can have a significant impact on the business's sales and reputation. Employee salaries, reduced inventory-carrying costs, and improved customer service are all tangible costs because they can be easily quantified and measured in financial terms.

Which of the Following Is an Example of an Intangible