Which characteristic is true for transactions included in BizComps?

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Prepare for the Accredited Business Valuation Test. Study with multiple choice questions and detailed explanations. Enhance your readiness and confidence for the exam!

Transactions included in BizComps primarily focus on smaller business sales, with a significant portion being under the 1 million dollar mark. This characteristic reflects the database's aim to serve business appraisers and brokers who are often involved in the sale of smaller, privately-held companies. By featuring transactions predominantly under 1 million, BizComps provides valuable insights and benchmarks tailored specifically to that segment of the market, which is crucial for accurate valuation in the context of small business sales.

The emphasis on smaller transactions helps appraisers and brokers draw relevant comparisons and understand market trends that are particularly applicable to small to medium-sized enterprises, making the information highly relevant for their needs. This focus distinguishes BizComps from databases that might include larger public companies or significantly higher transaction values, thus catering more closely to the expectations and requirements of its user base in the small business community.

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