Graphs & Charts in Business: Importance, Use & Examples


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Which of the following should a business use when it wants to compare several products with each other?

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1. A company wants to show how fast its cars can accelerate when compared with the competition. Which chart should it use to convey this information?

2. In this graph, which material is the cheapest?

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About This Quiz & Worksheet

Get an idea of how much you know about the use of graphs and charts in business with this worksheet/quiz. You'll be tested on key points like a chart/graph that would be helpful when comparing multiple products and a chart for a business to show how fast its cars are versus its competitors' cars.

Quiz & Worksheet Goals

Consider these topics before taking the quiz:

  • Interpreting a graph to determine the cheapest material shown
  • Most effective use of a line graph
  • Chart/graph to show a percentage of sales

Skills Practiced

  • Reading comprehension - make sure you know the most important information from the related lesson on graphs and charts in business, including the best way for a company to show its car speeds in comparison to the competition
  • Knowledge application - use your knowledge to answer questions about the least expensive product in a sample graph and the best use of a line graph
  • Information recall - access the knowledge you've gained regarding a chart/graph that would work best to compare a variety of products with each other

Additional Learning

To continue exploring the use of these tools in the business world, you can review the lesson named Graphs & Charts in Business: Importance, Use & Examples. The following topics will be addressed:

  • Definition of a chart/graph
  • More types of graphs and when to use them
  • Chart examples