Goodwill is a benefit of having an established business and loyal customers.

Name: Goodwill is a benefit of having an established business and loyal customers.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Goodwill refers to the intangible value that a business has accumulated over time through its reputation, customer satisfaction, and brand recognition. Therefore, an established business with loyal customers would have higher goodwill, which is a benefit for the business.

Goodwill Is a Benefit of Having an Established Business and Loyal