This presentation discusses the business decision making process and includes graphical representations of sales and profit trends. It also provides insights on the financial performance of Murano restaurant.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Business decision making Task 2
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
3.3 Business presentation Graphical presentation 2008200920102011201220132014201520162017 0 500 1000 1500 2000 2500 Sales (in £) Profit (in £)
Continued By doing analysis of secondary data set, it has found that sales revenue of Murano increased from £980 to £2050 at the end of 2017. Along with this, profit margin of the restaurant unit also inclined over the years to a great extent. Hence, increasing sales pattern entail that customer base of restaurant unit is good. Further, higher sales indicate that customers give more preference to the dinning services which are offered by Murano. Along with this, profitability trend exhibits that such restaurant unit has made effectual control on expenses. Thus, it can be depicted that financial performance of Murano is good in terms of revenue and margin.
Continued Trend Line: It shows direction or pattern on the basis of which specific data set will move in the near future. Such statistical tool helps business entity or analyst in understanding or evaluating future trends.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continued 2008200920102011201220132014201520162017 0 500 1000 1500 2000 2500 f(x) = 115.575757575758 x + 862.333333333333 f(x) = 78.3636363636364 x + 28 Sales (in £) Linear (Sales (in £)) Profit (in £) Linear (Profit (in £))
Continued Interpretation: The above depicted trend line shows increasing pattern in both the variables considered for the evaluation. It is a positive indicator which in turn shows that by establishing another unit in London owner of Murano will get positive results. Thus, to achieve the same results business entity needs to lay more focus on promotional aspects which in turn helps in attracting more customers and enhancing revenue. Further, such restaurant unit also needs to exert control on expenses for generating suitable and higher margin.
Primary Data Assessment Theme 1: Dinning services of Murano comes under which one of the following categoryParticulars Responden ts % of respondent s Poor28% Average312% Good416% Better1040% Best624% Total25100% Poor Average Good Better Best 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% % of respondents % of respondents
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Continued Theme2:Atthetimeof selectingrestaurantfood quality is the most preferred criteria that is considered by the customers Particular s Responde nts % of responden ts Concept of restaurant312% Quality of food832% Service28% Pricing312% Convenien ce416% Ambiance520% Total25100% Concept of restaurant Quality of food Service Pricing Convenience Ambiance 0% 10% 20% 30% % of respondents % of respondents
REFERENCES Moja,L.andet.al.,2016.Implementinganevidence-based computerized decision support system to improve patient care in a general hospital: the CODES study protocol for a randomized controlled trial.Implementation Science. 11(1). p.89. Mukaka, M. M., 2012. A guide to appropriate use of Correlation coefficient in medical research.Malawi Medical Journal. 24(3). pp.69-71.