Which source is known for contributing to the market approach in business valuation?

The market approach in business valuation relies heavily on comparing a business to similar entities and assessing market data to derive value. BizComps is specifically recognized for providing comprehensive databases of financial information related to business sales, which are often used by valuation professionals to analyze market trends and establish benchmarks for pricing similar businesses. This information is essential for valuing a business based on what comparable entities have sold for, thus facilitating an accurate market approach valuation.

Other sources mentioned, such as Investopedia, the Financial Times, and the Wall Street Journal, while they offer valuable business insights and economic news, do not specialize in providing the specific financial data and sale comparables that are fundamental to the market approach as BizComps does. Hence, BizComps shines as a resource directly aligned with the needs of those employing the market approach in business valuation.