Business Decision Making

Business Decision Making
Task 3.3

Covered content
• Introduction
• Objective
• Research methodology
• Data interpretation
• Conclusion
• References

Introduction
The main objective of organization is to attain success
through providence of their different business functions. It is
the obligation upon management is to take effective
decisions which helps to bring effectiveness in their
operations.

Objective
• To expand business operations through opening of new
branch in London.
• Interpretation of data through application of statistical
tools to improve decision making.

Research Methodology
 Through application of random sampling method 60
respondents are selected from total population.
 Close-ended questionnaire is prepared to ascertain the views
of respondents through asking of 10 different research
questions
 Presentation of graphs and charts for interpretation
important information

Data Interpretation
Q1. Does opening of another
branch in London of Balti palace
is viable move?
Frequency
Yes 45
No 15

Continue..
Yes No
0
5
10
15
20
25
30
35
40
45
50 45
15
Column B

Continue
Q2. What place you suggest for set
up of new restaurant in London?
Frequency
Near tourist places 23
Outside area 15
In main city 22

Continue...
23
15
22
Near tourist places
Outside area
In main city

Continue
Q3. How many times you visit
Balti palace in a month?
Frequency
Once 32
Twice 20
Thrice 8

Continue
32
20
8
Once
Twice
Thrice

Trend line
Year Sales Net Profit
2017 4100 2400
2018 4250 2490
2019 4350 2560
2020 4500 2600

Continue...
1 2 3 4
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
2017 2018 2019 2020
4100 4250 4350 4500
2400 2490 2560 2600
Column A
Linear (Column A)
Column B
Linear (Column B)
Column C
Linear (Column C)

Conclusion
In the present report explain about, one of the best to collect
information is primary method. To collect true and
reliable information researcher of Balti palace formulate
close-ended questionnaire which helps to attain the actual
responses of respondents. NPV and IRR are two
important methods which helps to ascertain the
profitability of project.

References
Rothman, D. J., 2017. Strangers at the bedside: A history of
how law and bioethics transformed medical decision
making. Routledge.
Sethi, S. P. and Zhang, Q., 2012. Hierarchical decision
making in stochastic manufacturing systems. Springer
Science & Business Media.

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