Question

Reputation of business measured in terms of money (answer in one word)​

Answer 1

The term for the same is Goodwill.

• Goodwill is one of the unique parts of organization accounts that require changes at the hour of reconstitution of a firm.
• Throughout some undefined time frame, a grounded business builds up a benefit of good name, notoriety and complete business associations. This assists the business with acquiring more benefits when contrasted with a recently set up business.
• In bookkeeping, money related estimation of such benefit is known as goodwill and is viewed as a theoretical resource. It is estimation of standing of a firm in regard of profits expected in future far beyond ordinary profits.