Business Decision Making

This presentation discusses the process of business decision making and its impact on consumer behavior. It explores the preferences of customers towards different types of restaurants and analyzes sales trends. The presentation also provides an overview of GANTT charts and network diagrams for project management.

BUSINESS DECISION MAKING

If Aqua food restaurant hike its edible
items price then you will visit
mentioned restaurant?
Strongly agree Agree Somewhat agree Disagree Strongly disagree
0
5
10
15
20
25
30
35
40
Column C

Interpretaiton
Most of the respondents state that if firm will elevate its commodity
price then people do not prefer to to arrive its restaurant for
taking lunch. Majority of respondents said that they are to large
extent not agree with the fact that in case firm elevate its edible
items price then in that case also they would prefer visit its
restaurant. Few respondents were not agree with statements hat
was asked to them and only 2 were somewhat agree with the
given statement. Some sample units were agree with the asked
statement. Thus, it is concluded that facts show that firm can not
increase its product value.

In which type of restaurant you usually
for go for taking lunch or dinner?
10
20
30 Traditional
Homey
Modern

Interpretaiton
When inquiry is done about people priority towards
specific type of restaurant it is identified that they
like to visit modern restaurant in comparison to
other sort of restaurant. At least 50% of
respondents like to visit modern restaurant. On
other hand, only few respondents like to take
lunch at homey restaurants. Only 10 respondents
make it clear that almost they like to go in
traditional restaurant to take dinner.

Trend analysis chart
1 2 3 4 5
0
10000
20000
30000
40000
50000
60000
70000
Column C
Linear (Column C)

Interpretation
From chart it can be observed that sales of the firm is increasing at rapid
rate and in future also same trend will remain continue. In chart line that
is making prediction is going in upper direction which is reflecting that
in upcoming years sales of the firm will elevate by good percentage.
There are some limitations of this technique and due to this reason firm
can not make its business decisions entirely on the basis of results of this
method. Changes that may occur in the business environment can not be
predicted so easily by the firm managers. Managers needs to make
forecast about likely movement that may occur in the internal and
external components of the business environment. The main limitation of
trend analysis is that is makes use of past year data for making prediction
for the changes that may happen in the business environment. Always
whatever happened in the past can not repeatedly occur in the future time
period. So, firm must use simulation method for making accurate
prediction for the business.

GANTT chart

Network diagram

Interpretation
It is a method that help managers in determining the
chronological order in which activities must be
performed in order to complete project at reasonable
cost (Program and evaluation and review technique,
2016). By using this method managers ensures that
project will be completed on time and at appropriate
cost. For this project sequence of the activities is
1+2+3+6+8+10= 63 days. Firm will need to spend
63 days to complete the project.

REFERENCES
Silverman, D., 2010. Qualitative research. Sage.
Ian, H., 2010. An introduction to geographical
information systems. Pearson Education India.
Kazdin, A.E., 2011. Single-case research designs:
Methods for clinical and applied settings . Oxford
University Press.
Liptser, R. and Shiryaev, A.N., 2013. Statistics of
random Processes: I. general Theory . Springer
Science & Business Media.

Thank you