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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market1 Mark
Question
Explain analysis and interpretation of data as a step in the market survey process.
✓

Answer

The raw data serves no purpose. For its analysis and interpretation, the entrepreneur must ensure that the data is:
  1. Edited.
  2. Tabulated, processed and interpreted.
  3. Statistical analysis and interpretations recorded.

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