Graphs are really useful in business for several reasons:
Seeing Trends: They help us see how sales change over time. This makes it easier to notice patterns.
Predicting Profits: By showing costs and earnings on a graph, we can find out when we start making money. There’s a simple way to figure this out using the idea of profit equal to revenue minus costs.
Improving Strategies: Graphs let us try out different ideas and see how changes can affect profits. This is really helpful when making decisions.
In short, graphs make complicated information easier to understand!
Graphs are really useful in business for several reasons:
Seeing Trends: They help us see how sales change over time. This makes it easier to notice patterns.
Predicting Profits: By showing costs and earnings on a graph, we can find out when we start making money. There’s a simple way to figure this out using the idea of profit equal to revenue minus costs.
Improving Strategies: Graphs let us try out different ideas and see how changes can affect profits. This is really helpful when making decisions.
In short, graphs make complicated information easier to understand!