Question:medium

The term ‘goodwill' in a business context refers to

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Goodwill is an intangible asset. It represents the value of a company's reputation, customer loyalty, brand image, and business relationships.
Updated On: Jul 15, 2026
  • The total value of physical assets owned by a company.
  • The monetary value of a company's reputation, customer relationships, and brand recognition.
  • The annual profit earned by an organization.
  • The financial assistance provided to a new business.
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The Correct Option is B

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