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Why should data be used before making business decisions?

Answer and explanation

Correct answer: So that decisions are based on evidence instead of guesses

Relevant data can show sales trends, customer preferences, costs, demand, and performance. Examining it helps an entrepreneur compare alternatives, identify risks, and choose a more reasoned course instead of relying only on intuition. Option A is correct. Data does not automatically remove uncertainty, but the other options wrongly describe its purpose as confusion or waste.

Related tags

DataDecision-MakingEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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