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.
2
Q
What is Goodwill?
A
Goodwill is the calculated
monetary value of a business’s
established reputation.
3
Q
What is customer base?
A
Customer base is a group of
consumers who continuously
purchase goods and services from
a business.
