The current price at which an asset or investment can be bought or sold in the market.
Market Value refers to the current worth or price at which an asset, product, or service can be bought or sold in the open market. It represents the prevailing market conditions and reflects the perceived value by buyers and sellers. Small business owners can use market value to determine the estimated worth of their assets, such as inventory, equipment, or real estate, which can help in making informed decisions regarding pricing, investments, and overall business strategy. Understanding market value is crucial for assessing the competitive landscape, gauging customer demand, and maximizing profitability.