Business Decision Making

BUSINESS DECISION
MAKING
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Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Payback period Calculation.........................................................................................................3
Net Present Value calculation......................................................................................................3
About Financial factor.................................................................................................................3
About Non financial factors.........................................................................................................3
CONCLUSION................................................................................................................................3
REFRENCES...................................................................................................................................3
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INTRODUCTION
Business decision making can be defined as process used by business organizations to select the
best alternative as compare with others. This report has been prepared for understanding the
concept of business decision making in systematic manner. XYZ plc is situated in United
Kingdom and part of hotel chain in the country. The company outsource software and laundrette
services due to lack of resource. This report has been defined how business decision making
process is adopted by manager to take decision regarding investment and also define factors that
affect their decision in a brief manner.
TASK 1
Payback period Calculation
Payback period: It is a part of capital budgeting technique which used for identify time require
by business organizations to recover the initial cost of their project. It is one of the most useful
techniques of capital budgeting for small business organizations as the calculation of this method
is very easy and it is easy to understand. However payback period does not consider time money
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