The decision-making scenario for managers is widely helped by the booming tools available in the market that define the statistics of a company in a well-sorted manner. These tools are the statistical tools that help to achieve various calculations about financial growth, profit and loss and other statements in either sentence or graphical form.
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A database is basically an organized set of data that stores crucial business information in the form of tables, schemas, reports, etc. This data is approached by various stakeholders in a business through software called Database Management System (DBMS). A DBMS is a sophisticated set of software that holds huge volumes of data in a well-organized and readily available format; it also returns relevant results in response to the queries extended by the users.
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