Module Four Assignmentsouthern New Hampshire University Bus

Module Four AssignmentSouthern New Hampshire University BUS 225: Critical Business Skills for Success 01:39:57 GMT -05:00Module Four AssignmentExplanation of the Importance of Data AnalysisData analysis takes raw data and turns it into information and explanations that are useful. You can find data anywhere you go and when it it correctly interpreted it can be valuable asset to a company. Data Analysis is helpful with understanding if a new product was successful with their launch by looking at the change in the cost of goods sold (COGS) from month to month,changes in profit, how the percentage of profit in the cost of goods sold has changed, which factors caused revenue and profit to change, and whether or not the company was eligible to meet their goal of a 25% profit of the cost of goods sold. While analyzing all cost and revenue data that was associated with the products that are newly launched and taking their finding and summarizing them, it can be determined if the product is capable of meeting the company's expectations.Description of FindingsThere was a decrease from month to month in the cost of goods sold. Starting in January, the cost of goods