they are intangible and perishable. Use this discussion to explain what these two terms mean.

The terms "intangible" and "perishable" are often used to describe certain types of goods or services.

1. Intangible: This term refers to something that cannot be touched or physically measured. It is often used to describe non-physical assets like intellectual property, services, brand reputation, or digital goods like software or digital media. For example, a music streaming subscription is intangible - you can't physically touch the music, but you can experience it.

2. Perishable: This term refers to something that has a limited lifespan and can deteriorate or become unusable over time. It is often used to describe food products or certain types of services. For example, fresh fruits and vegetables are perishable because they can spoil over time. In the context of services, a concert ticket is perishable because the value of the ticket expires after the concert has taken place.

In summary, intangible refers to goods or services that cannot be physically touched or measured, while perishable refers to goods or services that have a limited lifespan and can deteriorate or become unusable over time.