Statistics help managers understand trends that affect their business. With statistics, managers can justify making changes to policies and strategies.
it is used in communication for inventory management for data management for customer relationship management
Credit management is vitally importance for a successful financial future. Good credit can ensure better loan terms, higher credit limits, and greater availability to financial products.
Financial management ensures that a business is monitoring their finances. Financial management involves setting budgets and ensuring that departments remain on budget throughout the year.
Management information system (MIS) has most importance for every new company. Every company needed all information about employ, work, etc to management of their companies. MIS is the system that provide information to the company.
Management is important because employees need direction. Without management, no one would work together to achieve organizational goals and the company would make a profit.
what is the importance of statistics?
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importance of basic statistics
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appraise the importance of statistics to human activities
Discuss the importance of descriptive statistics
importance of computer system in the study of statistics
Stastics produce reliable information relative to project management as opposed to myths and rules of thumb that are developed more randomly and with less reliability. .,
what is the importance of Psychology
no
importance of estate management