Intangible asset is an asset that can't be physically touched.

• A. Realized strategy
• B. Intangible asset
• C. Core competencies
• D. VRIO analysis

Answer: (B)

Intangible assets are assets that lack physical form but still carry value. They include items like brands, patents, trademarks, copyrights, software, goodwill, and customer relationships. Even though you can’t touch them, they can contribute to a company’s earnings and are recognized on the balance sheet under certain conditions.

The other terms don’t fit as a definition of an asset category. A realized strategy refers to the outcomes of executing a plan, not a financial asset. Core competencies are the organization’s capabilities or strengths, not individual assets you can balance on a ledger. VRIO analysis is a framework for evaluating resources and capabilities to determine competitive potential, not a label for an asset itself.

So, the statement correctly identifies the concept as an intangible asset.