The ______ approach to determining a company's worth involves looking at what others have paid for comparable businesses.

A) asset-based
B) income
C) market
D) liability-based

Asset-Based

Asset-based refers to a type of business financing or lending that uses the company's assets as collateral to secure the loan.

Comparable Businesses

Companies operating in the same or similar industry, used as benchmarks to assess relative performance, valuation, and strategic positioning.

Income

Money received, especially on a regular basis, for work or through investments.