For the most part, the terms business valuation and business appraisal are synonymous. Over the past ten years or so, business valuation has become the more accepted term which connotes placing a reasonable market value on a present going business; or the value of a planned start-up business. A business evaluation is more involved with the management consulting genre. It has to do with assessing the entire business organization and its relative operating effectiveness.
I’m confused. What is the difference between a business valuation, business evaluation and a business appraisal?
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