Business Decision Making

Business Decision Making

INTRODUCTION
In business term, the decision making method is consider to be very much effective
for the manager and other employees as it aid to make plan to remove problems by
selecting alternative option that are most suitable for the situation. The entire process
of business decision making have a following steps that are needed to be taken into
consideration such as determining the decision, collect useful information, ascertain
alternative. As well as weigh each other option, select the most appropriate, make
perfection active and most important see the results. In this report, Poundland British
retail store is selected which offer different products at discounted price.

Primary data analysis and gathering
Primary evidence is actually data obtained from first-hand origins by an
investigator which use techniques such as interviews, surveys and experiments. It
is gathered specifically from original sources with considering the main objective
of certain project. As reliability of results is the main advantage of this method but
at the same time collecting of data through primary sources is expensive and time
consuming. It is also stated that this method is only valuable for some type of
research like in collecting information about Poundland Plc. Some of these
methods are discussed below

Questionnaire
Q1. In which kind of age-group do you belong?
a) 18-26
b) 27-40
c) 41-65
Q2. What is your gender?
a) Male
b) Female
c) Other
Q3. What is your education level?
a) Primary
b) Secondary
c) University
Q4 Your total income for a month (GBP)?
a) 700-1000
b) 1500-3000
c) 4000-5000
Q5 What is your actual spending for a month (GBP)?
a) 100-150
b) 200-300
c) 400-500