what is the role of statistics in commerce?
Answers
Answered by
1
Answer:
Please mark me as brainlist please and follow also please i follow you back promise
Explanation:
Statistics play an important role in business. ... Statistics helps businessman to plan production according to the taste of the costumers, the quality of the products can also be checked more efficiently by using statistical methods. So all the activities of the businessman based on statistical information.
Answered by
0
Answer:
Business Statistics helps a business to: Deal with uncertainties by forecasting seasonal, cyclic and general economic fluctuations. Helps in Sound Decision making by providing accurate estimates about costs, demand, prices, sales etc. Helps in business planning on the basis of sound predictions and assumptions
Similar questions