Compose a 2000 words assignment on fiat: intangible specialization and product-mix optimization. Needs to be plagiarism free! Intangible specialization can be simply defined as the specialization of a company in a certain area due to some intangible factors mainly brought about by the routinized activities of the company in performing its different operations relating to the production of the main product the company produces. The intangible factors include routinized and path-dependent decision-making routines that help in the regulation of the process and product design and renewal of the product (Maielli, 2005, p. 250). In addition, intangible specialization is mainly concerned with the internal routines and the accumulation of intangible capital in the designing and manufacturing of certain products, making the company efficient in the production of such products, as well as other products.
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