Statistical tools

Document Type:Coursework

Subject Area:Business

Document 1

Statistical thinking as applied in the company embraces deep thinking before calculating variables in the organization. Statistical tools are used in companies to calculate and come up with workable variables through which a company gauges performance. The tools calculate profits and losses with a strong reference to available assets. Statistical research is used in determining an organization’s goals and objectives. The findings from research also impacts on project execution and completion. This is because the basis of starting a business is to maximize profit while increasing business assets. Utilization of statistical business tools increases global competitiveness since the company is able to measure their level of production. Statistical tools also improve marketing and sales of finished company products. Businesses seek to increase productivity through application of all tools.

Sign up to view the full document!

From $10 to earn access

Only on Studyloop

Original template


Similar Documents

Understanding Business Ethics

Words: 3588

Pages: 13

Internet Marketing Essay

Words: 2120

Pages: 9

Strategic Action Plan Essay

Words: 2466

Pages: 10

Personal SWOT Analysis

Words: 2288

Pages: 9

Exegetical Study Essay

Words: 1696

Pages: 7

Free Trade Area Essay

Words: 1458

Pages: 6