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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Q Recall any experience you had with business data perhaps at your work place, and how have you used it and what you used it for; and then: Define business research, statistics, and decision models. Why are they important to business?

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Business Research is a process through which information about different areas and sectors of a business can be obtained and all those important information are analysed to use them fruitfully in increasing business profit and growth. To describe it and way one can say it is the analysis and the way of determination of a specific product which will be profitable to launch in order to find the maximum profit at that time.