Final answer:
Consolidate in Excel is used to merge data from multiple ranges into a single sheet or summary. Merging cells and changing font formatting are unrelated to the consolidate function.
Step-by-step explanation:
Consolidate is a feature in Excel that is used to merge data from multiple ranges into a single sheet or summary. This is an effective way to combine data from different parts of a workbook. For example, if you have sales data in multiple worksheets, you can consolidate it into one sheet to get a comprehensive view of the sales figures.
In contrast, merging cells in Excel is a different function that combines adjacent cells into a single larger cell. It is useful for formatting purposes or displaying long text.
Creating a chart and changing font formatting are unrelated to the consolidate function in Excel.