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2006-10-28 20:16:19 · 2 answers · asked by Anonymous in Business & Finance Small Business

2 answers

When you relate "curve analysis" to a business, it usually means that you gather data about your practices (sales, purchases, costs, selling prices etc.) and establish a median, very often the curve will indicate where most or the "average" (prices, costs) is situated. A Bell curve is the most frequent and easiest method used. Let's say you track all your sales to determine which day is the best day for your business and you get the following results:

Monday = $$$$$ ($500)
Tuesday = $$$$$$$$ ($800)
Wednesday = $$$$ ($400)
Thursday = $$$$$$$ ($700)
Friday = $$$$$$$$$$$ ($1,100)

and so forth, you will end up with a "curve" and the peak will show where you have the best results inciting you to make some "decisions" (have more people at work that day, increase inventory a day or two before, more advertising or less etc.) It is a tool to help you better manage and understand your business overall.

2006-10-29 01:43:16 · answer #1 · answered by argeesoftware 3 · 0 0

In mathematics, the concept of a curve tries to capture the intuitive idea of a geometrical one-dimensional and continuous object. Simple examples are the circle or the straight line. A large number of other curves have been studied in geometry.

The term curve is also used in ways making it almost synonymous with mathematical function (as in learning curve), or graph of a function (Phillips curve).
does that help at least a lil ^.^

2006-10-28 20:20:06 · answer #2 · answered by andrew 3 · 0 0

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