Question

Q2: The survival of the business world lies in using different types of reports. How
significantly they play their role in uplifting their position in the company's growth?​

Answer 1

Explanation:

Reports are an essential means of getting progress of some KPI of business, business history and forecasting and based on these reports, business decisions are taken. But it is extremely important to chose layout of reports. Some reports do give data but don't add value to the company while some reports are so important that without them, business decision can surely go in the wrong direction. So it is most important to make reports wisely and efficiently

Answer 2

The survival of a business world lies in utilizing various kinds of reports as they determine the general working of business

• The data that reports provide help the enterprise view what is working and what is not, so that changes and enhancements can be made.
• The various kinds of reports that help to uplift an enterprise are -

1. Business Report - Genuine records summed up and analyzed after a specific circumstance, and afterward making suggestions for improvements.
2. Analytical Report - Required when a business is trying to make an important decision.
3. Research Report -  Required when a business considers trying something new, like going into a new geographical area or offering a new product.
4. Explanatory Report - Required when one has to explain a topic or situation so that everyone can understand it