BUSINESS REPORTS

Definition: 

"A business report is an orderly representation of Facts about specific business activity or program."  

        Though it consist of mainly facts, but it also consist of writer's personal study, observation, interpretation, conclusion and recommendations.The British Association for commercial and industrial education define a business report as:

"A document in which a given problem is examined for propose of convening information and findings, putting forward ideas and sometime making recommendations."

So we can say that a business report comprises three important points:
1: Study of the problem.
2: Findings about problem.
3: Recommendation to solve the problem.

Uses are importance of business reports.It is an essential part of business communication. Reports are very necessary for the promotion of any business.These are the important advantages of business reports.
1: They save the time and money of executives.
2: They provide suitable information to understand the problem.
3: Reports form the basis for the decision and action.
4: They serve as evidence of work that has been done.
5: They are permanent record of the business.
6: They are consulted and referred any time.
7: Now reports are permanent part of any modern business or organization.

So we can say no business can be run smoothly in the absence of these reports.Reports are very necessary to enhance and promote the business.