Very good.
1. It is good. John: How do you like your lobster? Alice: Mmm. Very good. Jane: What did you think of the movie? Fred: Very good. Jane: Is that all? Fred: Yeah.
2. Thank you for your instructions. (Typically said by someone in a serving role, such as a clerk, waiter, waitress, butler, maid, etc.) Waiter: What are you drinking, madam? Sue: It's just soda. No more, thanks. Waiter: Very good. Mary: Would you charge this to my account? Clerk: Very good.