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Give opinion: Goodwill is a critical aspect of a business’s value. It represents hours of work on...

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Economics

Give opinion:

Goodwill is a critical aspect of a business’s value. Itrepresents hours of work on the part of the employees of thecompany in the form of QA processes, customer service, marketingand branding, relationship management, and other behaviors thatincrease (or decrease) this value

Answer & Explanation Solved by verified expert
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Business goodwill is described as an intangible asset which increases the value of an enterprise beyond its current market value Business goodwill occurs when purchased at a premium above market or book value price from one    See Answer
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