How are data used to improve a business?
Answer and explanation
Correct answer: To understand customer behaviour and sales trends
Business data such as sales records, customer feedback, returns, and demand patterns can reveal what customers prefer and when they buy. Analysing these patterns supports evidence-based decisions about products, stock, pricing, service, and marketing. Guesswork or ignoring records does not provide the same reliable basis. Thus, A is correct.
Frequently asked questions
What is the correct answer to this question?
To understand customer behaviour and sales trends
Why is this the correct answer?
Business data such as sales records, customer feedback, returns, and demand patterns can reveal what customers prefer and when they buy. Analysing these patterns supports evidence-based decisions about products, stock, pricing, service, and marketing. Guesswork or ignoring records does not provide the same reliable basis. Thus, A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship.
