What are the Benefits of Goodwill for Business?

[Suba]

Goodwill is an intangible asset that arises from the difference between the market value of a business/company and its book value. Goodwill only occurs when a company is acquired or merged with another company. To provide more detailed information, here is an example of goodwill: DBucks Company acquired Moontah Company for $20 million, but in fact Moontah Company only has a net book value of $15 million. So the Goodwill that will be recorded is $5 million.

Of course, goodwill has benefits and plays a vital role in the development and success of a business, including:
Having a high reputation and level of trust.
Having strong competitiveness.

 

[Augusta]

Business goodwill is very important it's an intangible asset that can give a company a competitive advantage over others. Goodwill can give a company an advantage over its competitors. snd is worth more than its net assets.and can contribute to a company's profitability.

 

[Xtynehappy]

Goodwill in business is very important as it aids on the business profitability

 

[Kera]

When a business has lots of goodwill, it has direct impact on sales. As more people would want to identify with the business.

 

[Augusta]

Goodwill is an intangible asset that can give a business a competitive advantage. Goodwill can help a business earn more income from sales of goods and services, as well as from rentals.

 

[Miley]

Good will in business can make your business very productive also brings connection to an individual too.