Business Decision Making Assignment (Doc)

   

Added on  2019-12-03

19 Pages4196 Words153 Views
BUSINESS DECISION MAKING1
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TABLE OF CONTENTSINTRODUCTION................................................................................................................................5TASK 1 SOURCES FOR THE COLLECTION OF DATA.................................................................51.1 Collection of primary and secondary data............................................................................51.2 Survey methodology and sampling frame............................................................................51.3 Questionnaire for a survey....................................................................................................6TASK 2 RANGE OF TECHNIQUES TO ANALYSE DATA .............................................................72.1 Information for decision making...........................................................................................72.2 Analyse the results to draw valid conclusions.......................................................................82.3 Analyse data using measures of dispersion...........................................................................92.4 Analysis of quartiles, percentiles and the correlation coefficient.........................................9TASK 3 PRODUCE INFORMATION IN APPROPRIATE FORMATS...........................................103.1 Graphs using spreadsheets and draw valid conclusions......................................................103.2 Trend lines in spreadsheet graphs to assist in forecasting sales revenue............................113.3 Business presentation..........................................................................................................123.4 Formal business report........................................................................................................12TASK 4 SOFTWARE GENERATED INFORMATION TO MAKE DECISIONS...........................134.1 Information processing tools for operational, tactical and strategic level decisions...........134.2 Plan for the activity.............................................................................................................144.3 Financial tools for decision making....................................................................................16CONCLUSION..................................................................................................................................17REFERENCES...................................................................................................................................192
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ILLUSTRATION INDEXIllustration 1: Histogram for revenue and profit.................................................................................10Illustration 2: Line chart for revenue and profit.................................................................................11Illustration 3: Trend line.....................................................................................................................12Illustration 4: Gantt Chart...................................................................................................................15Illustration 5: Network Diagram........................................................................................................15Illustration 6: Gantt Chart...................................................................................................................163
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INDEX OF TABLESTable 1: 10 Year financial data.............................................................................................................7Table 2: Revenue Statistics...................................................................................................................7Table 3: Profit Statistics........................................................................................................................8Table 4: Quartile...................................................................................................................................9Table 5: Percentile................................................................................................................................9Table 6: Correlation Coefficient.........................................................................................................10Table 7: Plan for the activity...............................................................................................................14Table 8: Financial Information...........................................................................................................16Table 9: Pay Back Period....................................................................................................................16Table 10: Internal rate of return..........................................................................................................17Table 11: Net Present Value................................................................................................................174
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