Tangible assets are physical possessions like real estate and equipment that directly contribute to a company's operations, as seen in Walmart's retail infrastructure. In contrast, intangible assets like patents, hold inherent value but are not physical. Understanding both tangible and intangible assets is crucial for assessing a company's overall worth and competitive advantage. Effective utilization of assets, guided by business acumen, is essential for maximizing their value and ensuring long-term success. Conducting an inventory of both tangible and intangible assets can provide valuable insights into a company's strengths and areas for strategic improvement.
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