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Fact 4: There is no such number as an inherent value for a business, rather...

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Finance

Fact 4: There is no such number as an inherent value for a business, rather a business has a given value only relative to who owns and operates it.
Question 4: Comprehensively explain how the value of a business depends on who is managing it and what strategy they pursue. Different owners will generate different cash flows for a given business based on their unique ability to add value.

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