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Satisfaction, mean the person of other side is satisfied with you, your work, performance and product or the company for which you are working and he is in favour of you.
Goodwill shows the value of a firm in terms of reputation. If a company has a brand that has a certain reputation and status in the market, this can be measured to have a lesser or greater value. This value is called goodwill. Goodwill is categorized as a fixed asset - something that has value in the company for an extended period.
In the accounting sense, Goodwill can be thought of as a "premium" for buying a business. When one company buys another, the amount it pays is called the purchase price. Accountants take the purchase price and subtract it by a company's book value. The difference is called Goodwill.
Goodwill is intangible asset and it shows the name and fame of company in terms of monye value. Godwill is only acquired or noted in books of accounts when an exiting business with good market reputation is purchased by other person or entity. Its cost is noted and amortized into expenses with the passage of time.
Diffrence between book value & market value of business is Goodwill. It is intangible asset. Many companies have policy to review goodwill book value at the end of financial year for amortization.
It means :
1 - Friendly, helpful, or cooperative feelings or attitude. 2 - T he established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.
GoodWill: Repuatation of business, Company Known in Market by good and positively. GoodWill also have worth.. Exmaple Introducting new brand in market or any product is not easy, Getting known barnd in market is easy. That because of goodwill.
Goodwill is a gesture that can be tangible or intangible, in business and money world goodwill is offered to advertise the brand or company name.
In humane world mostly goodwill is a kind gesture offered to another person without expecting anything in return. (Tangible or intangible)
Best of luck for your job search.
The established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.
Dear cost of Goodwill always equal to your visible and invisible things and reputation in market.
GOODWILL is a kindly feeling of approval and support : benevolent interest or concern...Cheerful consent & willing effort.
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