Examples of Elements of a Business That Commonly Make Up

question 50

Multiple Choice

Examples of elements of a business that commonly make up goodwill are:

• A) patents and licences.
• B) trademarks and brand names.
• C) research and development.
• D) established reputation and loyal customers.

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Definitions:

Citator

A legal research tool that provides the history and treatment of legal cases, statutes, and regulations, indicating how and where they have been cited in later decisions.

Regulation

A rule or directive made and maintained by an authority, intended to manage or govern behavior.

Legal Research

The act of pinpointing and securing necessary information to aid in legal decision-making processes.

Crucial

Extremely important or essential in a particular situation or for achieving a result.