Phenol reacts with benzoyl chloride in presence of `NaOH`. What is the product formed? What is the name of this reaction?

Explanation

To solve the question, we will follow these steps:

### Step 1: Understand the Reactants
Phenol (C6H5OH) is a weak acid and can form phenoxide ions in the presence of a strong base like sodium hydroxide (NaOH). Benzoyl chloride (C6H5COCl) is an acyl chloride that can react with nucleophiles.

**Hint:** Identify the functional groups in the reactants to understand their reactivity.

### Step 2: Formation of Phenoxide Ion
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