Concept:Goodwill is an intangible asset that represents the value of a company’s reputation and business relationships.
Explanation:Over the years, a company builds strong connections with customers, suppliers, and the public.
This good reputation helps the business earn more profit and attract loyal clients.
When the business is sold, this advantage is measured as part of its total value.
That measured value is called goodwill.
A patent protects an invention, while a copyright protects creative works.
A trade mark protects a brand name, symbol, or logo.
Only goodwill describes the value of business connections made over time.
Answer:C. goodwill