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Which of the following factors can reduce a firm's goodwill?

Answer and explanation

Correct answer: लगातार ग्राहकों की शिकायतें

Goodwill arises from a firm's reputation, customer trust and favourable relationships. Continuous customer complaints indicate dissatisfaction with the firm's products or services, which can damage its reputation and reduce goodwill. In contrast, a good location, reliable service and a famous brand name generally strengthen goodwill. Exam tip: Factors that weaken customer confidence usually reduce goodwill.

Related tags

GoodwillPartnership AccountsFactors Affecting GoodwillBusiness ReputationPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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