Goodwill
Goodwill refers to the intangible value of a business or entity derived from positive relationships, customer loyalty, and a favorable reputation. It is often considered an essential component of a company's overall worth, encompassing assets such as brand recognition and customer trust. Goodwill can also refer to acts of kindness or generosity displayed towards others, often aimed at fostering a sense of community or cooperation.
Goodwill meaning with examples
- After years of exceptional service, the local bookstore built a considerable amount of Goodwill with its clientele, leading to increased sales and community support during tough economic times.
- The large corporation worked hard to maintain Goodwill in the community by sponsoring local events and contributing to charitable organizations, ultimately solidifying its place as a responsible community member.
- In negotiations for the merger, both companies emphasized the importance of Goodwill, believing that a collaborative spirit and mutual respect would facilitate a smoother transition for employees and customers alike.
- As a small business owner, you should strive to create Goodwill through personalized services and exceptional customer interactions, which can lead to repeat customers and positive word-of-mouth referrals.
- During the holiday season, the charity organized Goodwill initiatives, encouraging people to donate food and clothing to those in need, thereby strengthening the fabric of their local community.
Goodwill Crossword Answers
5 Letters
AMITY
GRACE
8 Letters
KINDNESS
GOODWILL
11 Letters
BENEVOLENCE
12 Letters
FRIENDLINESS