SPT 225 Module 4 assignment

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Southern New Hampshire University *

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225

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Business

Date

Feb 20, 2024

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docx

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Uploaded by ChiefGrousePerson582

The importance of data analysis is to help breakdown and understand data in a more helpful way. Basically, it tracks customers trends and behaviors to help businesses increase profitability. This helps for businesses to troubleshoot and understand any problems that may come up and come up with solutions for them. Data analysis will be huge for me to use while launching the new product because it will help for me to break down and present the data in an easier to understand way. By paying attention I will be able to monitor how well the new product is doing and if it is not doing well, I will be able to pinpoint the breakdown. 1 2 3 4 5 6 7 8 9 10 11 -30000 -20000 -10000 0 10000 20000 30000 40000 Chart Title Cost of Goods Total Revenue Profit From this chart you can tell that COG’s was steady from Jan to April at $23, 920 and then had a bit of decrease from May to June then decreasing further from July to Dec to $17,095. The profits struggled a bit with the launch of the product in January until about June. June is where the first profit was seen which was $4,040 with steady increase with Sept, Oct, Nov, and

Dec all making $12, 905. This line graph shows the comparison of COG’s, total revenue, and profit over the past year. 1 2 3 4 5 6 7 8 9 10 11 12 -30,000.00 -20,000.00 -10,000.00 0.00 10,000.00 20,000.00 30,000.00 40,000.00 Chart Title Target Revenue Series2 Series3 Series4 Cost of Goods Total Revenue In this chart you can see the total revenue, target revenue and COG’s. You can see that COG’s slowly decreases and prices ride over the year. You can see from the graph that targets were far from met. But surpassed in the second part of the year. According to the information the company will meet and exceed their expectations in the future. Overall, the launch of the new product was slow like with a lot of new launches but overall seems to be over exceeding our expectations. I think by seeing all the numbers of different things put in to charts makes it so much easier and clearer to see what you are actually trying to look at. By breaking down the data into individualized different types of charts by selecting the correct graph or chart it can make your client understand a whole lot better. I for sure used charts for people like me who just want to see what they need to. By focusing on the

goals and using the correct data visualization you can help make your point and have the facts to show it to make everyone’s life easier.

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Reference: Soomo Learning. (2020). Critical business skills for success . https://www.webtexts.com

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