Question

Which of the following traits contribute to the value of goodwill?

i – Commonplace product

ii – Experienced management

iii – Recognizable brand name

iv – Skilled workforce

Select one:

a. i, ii and iii only

b. ii, iii and iv only

c. all of i, ii, iii and iv

d. i, ii and iv only

Answer 1

Option B is the answer
Experienced management, skilled workforce (labor) and recognizable brand name contribute to the value of goodwill for a company. Commonplace product (ordinary product) doesn't have a say in this. Option B