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Planning and preparation of primary and secondary data for BDM INTRODUCTION 3

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Added on  2020-01-07

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BDM INTRODUCTION 3 TASK 1 3 1.1 Planning for the collection of primary and secondary data 3 1.2 Presenting survey methodology and sampling frame used 3 1.3 Preparation of questionnaire 4 2.1 Creating and summarizing information for decision making 6 2.2 Analyzing results to draw valid conclusion 7 2.3 Using measures of dispersion for decision making 9 2.4 Quartile, percentile and correlation coefficient 9 TASK 2 10 3.1 Producing graphs by using spread sheet 10 3.2 Creating trend line for assessing future trends 11 3.3 Dissemination of information through

Planning and preparation of primary and secondary data for BDM INTRODUCTION 3

   Added on 2020-01-07

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Planning and preparation of primary and secondary data for BDM INTRODUCTION 3_1
Table of ContentsINTRODUCTION......................................................................................................................3TASK 1......................................................................................................................................31.1 Planning for the collection of primary and secondary data..............................................31.2 Presenting survey methodology and sampling frame used..............................................31.3 Preparation of questionnaire............................................................................................42.1 Creating and summarizing information for decision making..........................................62.2 Analyzing results to draw valid conclusion.....................................................................72.3 Using measures of dispersion for decision making..........................................................92.4 Quartile, percentile and correlation coefficient................................................................9TASK 2....................................................................................................................................103.1 Producing graphs by using spread sheet........................................................................103.2 Creating trend line for assessing future trends...............................................................113.3 Dissemination of information through software............................................................123.4 Preparation of formal business report............................................................................124.1 Using appropriate information processing tools for decision making...........................124.2 Preparing a project plan for determining critical path...................................................134.3 Using financial tools for decision making.....................................................................14CONCLUSION........................................................................................................................15REFERENCES.........................................................................................................................16
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INTRODUCTIONIn the business organization, owner or manager has to take several decisionsregarding effective administration, fund raising, expansion etc. Moreover, any inappropriatedecision has high or negative impact on the productivity and profitability of firm. This projectreport is based on the case scenario which entails that large restaurant chain is planning toopen another unit in London. Moreover, now tourism in London is increasing with the veryhigh pace. Further, now having parties in restaurant become the part of individuals life style.In this, the present report will provide deeper understanding about the ways in whichstatistical and financial tools helps in developing suitable framework for near future. Besidesthis, it will also shed light on the project management tools such as network diagram, Ganttchart which in turn helps in framing highly competent framework for the near future. TASK 11.1 Planning for the collection of primary and secondary data Primary data collection: Data which is gathered by scholar through the means ofsurvey, observation, focus group etc. is known as primary data. As the name suggests,primary data is gathered by scholar for the first time in accordance with the researchaims and objectives. Such data is highly raw in nature and assists in presenting the fairsolution of research issue or problem. In this, to analyze the taste and preferences ofcustomers regarding the existing and another one research will conduct survey.Moreover, by asking questions in relation to price, location etc. researcher wouldbecome able to extract suitable information (Rajasekaran and et.al., 2016). Thus, forthe collection of primary data researcher will prepare questionnaire by including bothtypes of questions into it such as close and open ended. Thereafter, research will sendquestionnaire to 20 customers of ABC restaurant which are selected from purposivesampling technique. Hence, by following such plan primary data will be gathered byscholar. Secondary data collection: Books, journals and scholarly articles are the mainsources that contain valuable findings presented by other scholars through in-depthresearch. Hence, to gain information about customer preferences, attitude and their
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