Which industry places the most value on intangible assets?
A) Professional services
B) Manufacturing industry
C) Production facility
D) Assembly facility

Question

Quizplus · Accepted Answer

Professional services, such as consulting firms or law firms, rely heavily on their knowledge, expertise, and networks, which are intangible assets. These assets are crucial to attracting and retaining clients, and therefore, have a significant impact on the firm's value. In contrast, while manufacturing and production facilities may also have some intangible assets such as patents or trademarks, their value is primarily driven by physical assets and operational efficiencies.

Which Industry Places the Most Value on Intangible Assets