the monetary value of reputation of the business is called 1. goodwill 2.surplus 3.abnormal profit 4.none of these
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I think goodwill is the answer plz mark my answer brainlist answer hope it helps
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Answer:
The monetary value of reputation of the business is called Goodwill.
Explanation:
Monetary value makes a modern economic system possible. It is a value in currency in which a person or market places on product or services. Most of the products are priced based on monetary value in modern economy.
Modern economy only functions when there is a monetary value to products and services. There are few examples of products which are priced by monetary value such as oil, gas, agriculture product.
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