Intangibility is used in marketing to describe the inability to assess the
value gained from engaging in an activity using any tangible
evidence.[1] It is often used
to describe services where there isn't a tangible product that the
customer can purchase, that can be seen, tasted or touched.
According to http://en.wikipedia.org/wiki/Intangibility the
definition is as above.
Intangibility in terms of service.. It's like.. Go Extra Mile
for Service(GEMS).
Eg. If the customer got feet of both different sizes, the
customer service officer is willing to find shoes that match
his/her size (meaning two different size of shoe), BUT without
charging additonal cost or showing grumpiness.
You can also say it's like "Someone doing things which are
not within their job scope (they have the right not to do it), but
they go extra mile for you to get things done".
Eg. You're a tourist in a foreign country, and your car broke.
You don't know who to do, and then you saw one of the bell boy at
the hotel (he sees you too). He walk up to you and gave you a phone
number to call a cab or something and even offered to valet your
vehicle. That's intangibility in terms of their service.
Something that is worth mention, but it's not tangible. In
Business, Intangible assets things may be included are good
location of biz, good workers, etc.