What is an example of a non-tangible product purchased for personal use?

Study for the Mariemont HS Business Foundations Test. Utilize flashcards and multiple choice questions with helpful hints and explanations for better preparation. Get ready for success!

A software subscription is a prime example of a non-tangible product purchased for personal use because it grants access to a service or digital content without a physical product being exchanged. Unlike physical items like clothing, grocery items, or electronics, which can be touched, seen, and stored, a software subscription exists in a digital format. Users typically access the service via the internet and may enjoy benefits such as regular updates, cloud storage, or online features without needing to own a physical copy of the software.

This represents a growing trend in consumption where services and experiences are valued as much as or more than physical items, especially in our increasingly digital world.

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