3f) Purchasing vs establishing a business Flashcards

1
Q

What is stock?

A

Stock is the goods stored on the
business’s premise that is available
for distribution or sale.

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2
Q

What is Goodwill?

A

Goodwill is the calculated
monetary value of a business’s
established reputation.

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3
Q

What is customer base?

A

Customer base is a group of
consumers who continuously
purchase goods and services from
a business.

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