Class 12 Exam > Class 12 Questions > __________ means good name, good product or r...
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__________ means good name, good product or reputation earned by a firm through the hard work and honesty of its owners
- a)Negative Super Profit
- b)Low Average profit
- c)Revaluation Profit
- d)Goodwill
Correct answer is option 'D'. Can you explain this answer?
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__________ means good name, good product or reputation earned by a fir...
Goodwill means good name, good product or reputation earned by a firm through the hard work and honesty of its owners.
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Goodwill
Goodwill is a term that refers to the positive reputation a firm has earned through its hard work, honesty, and quality products or services. It is an intangible asset that represents the value of a company's brand name, customer relationships, and other intangible assets that contribute to its overall success.
Meaning
Goodwill is essentially the value of a company's brand name and reputation. It is the intangible asset that represents the value of a company's reputation, customer relationships, and other intangible assets that contribute to its overall success. Goodwill is an important factor in determining a company's overall value and can significantly impact its financial performance.
Importance
Goodwill is important because it can enhance a company's reputation, attract customers, and help differentiate it from competitors. A strong reputation for quality products or services can lead to increased customer loyalty and repeat business. Goodwill can also help a company generate higher profits and achieve long-term success.
Impact
Goodwill can have a significant impact on a company's financial performance. A positive reputation can lead to increased sales, higher profit margins, and greater market share. On the other hand, a negative reputation can damage a company's brand and lead to decreased sales and profits. Therefore, it is essential for companies to actively manage and maintain their goodwill to ensure long-term success.
Goodwill is a term that refers to the positive reputation a firm has earned through its hard work, honesty, and quality products or services. It is an intangible asset that represents the value of a company's brand name, customer relationships, and other intangible assets that contribute to its overall success.
Meaning
Goodwill is essentially the value of a company's brand name and reputation. It is the intangible asset that represents the value of a company's reputation, customer relationships, and other intangible assets that contribute to its overall success. Goodwill is an important factor in determining a company's overall value and can significantly impact its financial performance.
Importance
Goodwill is important because it can enhance a company's reputation, attract customers, and help differentiate it from competitors. A strong reputation for quality products or services can lead to increased customer loyalty and repeat business. Goodwill can also help a company generate higher profits and achieve long-term success.
Impact
Goodwill can have a significant impact on a company's financial performance. A positive reputation can lead to increased sales, higher profit margins, and greater market share. On the other hand, a negative reputation can damage a company's brand and lead to decreased sales and profits. Therefore, it is essential for companies to actively manage and maintain their goodwill to ensure long-term success.
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__________ means good name, good product or reputation earned by a firm through the hard work and honesty of its ownersa)Negative Super Profitb)Low Average profitc)Revaluation Profitd)GoodwillCorrect answer is option 'D'. Can you explain this answer?
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__________ means good name, good product or reputation earned by a firm through the hard work and honesty of its ownersa)Negative Super Profitb)Low Average profitc)Revaluation Profitd)GoodwillCorrect answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about __________ means good name, good product or reputation earned by a firm through the hard work and honesty of its ownersa)Negative Super Profitb)Low Average profitc)Revaluation Profitd)GoodwillCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for __________ means good name, good product or reputation earned by a firm through the hard work and honesty of its ownersa)Negative Super Profitb)Low Average profitc)Revaluation Profitd)GoodwillCorrect answer is option 'D'. Can you explain this answer?.
__________ means good name, good product or reputation earned by a firm through the hard work and honesty of its ownersa)Negative Super Profitb)Low Average profitc)Revaluation Profitd)GoodwillCorrect answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about __________ means good name, good product or reputation earned by a firm through the hard work and honesty of its ownersa)Negative Super Profitb)Low Average profitc)Revaluation Profitd)GoodwillCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for __________ means good name, good product or reputation earned by a firm through the hard work and honesty of its ownersa)Negative Super Profitb)Low Average profitc)Revaluation Profitd)GoodwillCorrect answer is option 'D'. Can you explain this answer?.
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