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Business Decision-Making INTRODUCTION 3 TASK 1 3 1.1 Preparing the Survey Methodology and Sampling Frame

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Added on  2020-01-23

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Business Decision-Making INTRODUCTION 3 TASK 1 3 1.1 Plan for the collection of primary and secondary data collection 3 1.2 Stating the survey methodology and sampling frame 4 1.3 Preparing a questionnaire 4 TASK 2 7 2.1 Calculating mean, mode and median 7 2.2 Analysing the measures which are used for the purpose of decision making 8 2.3 Analyzing measures of dispersion 8 2.4 Calculating correlation coefficient 10 TASK 3 10 3.1 Producing line and bar graphs 10 3.2 Drawing trend line for

Business Decision-Making INTRODUCTION 3 TASK 1 3 1.1 Preparing the Survey Methodology and Sampling Frame

   Added on 2020-01-23

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Business Decision-Making
Business Decision-Making INTRODUCTION 3 TASK 1 3 1.1 Preparing the Survey Methodology and Sampling Frame_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Plan for the collection of primary and secondary data collection.........................................31.2 Stating the survey methodology and sampling frame............................................................41.3 Preparing a questionnaire......................................................................................................4TASK 2............................................................................................................................................72.1 Calculating mean, mode and median.....................................................................................72.2 Analysing the measures which are used for the purpose of decision making.......................82.3 Analyzing measures of dispersion.........................................................................................82.4 Calculating correlation coefficient......................................................................................10TASK 3..........................................................................................................................................103.1 Producing line and bar graphs.............................................................................................103.2 Drawing trend line for forecasting the future trend or patterns...........................................123.3 Preparing a presentation which presents the result..............................................................133.4 Formal business report.........................................................................................................13TASK 4..........................................................................................................................................144.1 Analysing the critical path and project duration..................................................................14TASK 5..........................................................................................................................................154.2 Assessing the viability of project by using investment appraisal techniques......................15CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
Business Decision-Making INTRODUCTION 3 TASK 1 3 1.1 Preparing the Survey Methodology and Sampling Frame_2
Business Decision-Making INTRODUCTION 3 TASK 1 3 1.1 Preparing the Survey Methodology and Sampling Frame_3
INTRODUCTION In the business unit, the manager is filled up with the responsibility to take suitabledecisions which aid in the growth and profitability of the firm. Moreover, with the aim to successin the dynamic business environment, it is highly required for the manager to take a decision byconducting the in-depth investigation of each factor. Through this, a business unit would becomeable to develop highly strategic and policy framework for the near future. The present report isbased on the case scenario which entails that individual wants to open new coffee sachet inLondon. In this context, the report will describe the extent to which such business project isviable regarding both financial and non-financial through the means of primary and secondaryinvestigation. Besides this, it will also shed light on the ways through which business entity canselect the best investment proposal out of several alternatives. TASK 11.1 Plan for the collection of primary and secondary data collection A collection of primary data: In the present time, business organisations and entrepreneur placesthe high level of emphasis on the collection of primary data. The rationale behind this, itprovides researcher and concerned organisation with highly reliable information for decisionmaking according to the issue as well as the purpose of investigation (Hwang and Yoon, 2012).On the basis of the case, scenario client wants to introduce a new coffee sachet brand in London.In this regard, with the aim to get primary data researcher will conduct a survey with the help ofa questionnaire. It is one of the most effectual sources of data collection which in turn helps in assessingthe viewpoints of men and women towards the new coffee brand. Hence, sample selection isrequired for conducting survey more effectively and efficiently. Thus, by using simple randomsampling 30 people including both men and women has been selected by the scholar through themeans of simple random sampling technique (Popescu and et.al., 2012). After that, the researcherwill prepare questionnaire by including questions about price, taste, preferences, etc. In this way,the survey will be conducted by the researcher through the means of open and close endedquestionnaire.
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