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Design of questionnaire for business decision making

   

Added on  2020-07-22

18 Pages4378 Words128 Views
Business decision making

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Plan for collecting primary and secondary data....................................................................11.2 Survey methodology and sampling frame used in this project.............................................21.3 Designing of questionnaire...................................................................................................32.1 Information creation on the basis of questionnaire...............................................................42.2 Analysis of data with measure of central tendency...............................................................52.3 Interpretation of data with measure of dispersion.................................................................62.4 Formulation of data with correlation coefficient..................................................................7TASK 2............................................................................................................................................83.1 Creation of graphs and charts................................................................................................83.2 Formulation of trend line for future forecasting...................................................................83.3 Presentation of graphs and charts..........................................................................................83.4 Formal business report for management...............................................................................8TASK 3............................................................................................................................................94.1 Use of support system in order to take beneficial decision...................................................94.2 Use of Gantt chart and network diagram in order to determine time....................................94.3 Use of IRR and NPV in decision making process..............................................................10CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13

INTRODUCTIONBusiness is not based on single activity and it required appropriate consideration andjudgement to deal with diverse range of situation. Business decision making requires moresuitable and effective evaluation of things so that better elements could be acquire. This projectis based on business decision making for Food For Friends whom want to open another outlet inLondon, UK. For this aspect, they will going to organise a survey through primary and secondarysource of information. On the basis of acquire data, they will going to interpret and analyse itwith statistical approach and graphs/ charts. This will enable them to determine every aspect incrucial and critical frame. Such things will lead to underpin with a formal business report tosenior management of a company. Thus, the final and suitable consideration will going to bringout with software generated data. TASK 11.1 Plan for collecting primary and secondary dataIn an investigation, there is a need to utilize fitting and reasonable apparatus and systemto comprehend different number of certainties. In this manner, it is a noteworthy thing to usefitting and advantageous way to deal with examine information appropriately so compellingincrease could be advanced. The below disseminate information evaluate the best approach forFood For friends for taking appropriate judgement: Primary data: Every undertaking need crude material to comprehend different certaintiesand things in an appropriate way. Essential information is useful to comprehend thesuitable actualities and things by social occasion new data so better working and basicleadership complete. This could be perform through poll, live studies by means of onlinenetworking and so forth. Secondary data: Another strategy for information accumulation is optional wellspring ofdata in which as of now existed data get use to comprehend different fitting andreasonable statistical data points. This complete based on different books, diaries, articlesand so on. For this undertaking, essential information process get use which additionally aid bettercomprehension of different respondents conclusion keeping in mind the end goal to oversee and1

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