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BUSINESS DECISION MAKING TABLE OF CONTENTS INTROUCTION 3 TASK 13

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BUSINESS DECISION MAKING TABLE OF CONTENTS INTRODUCTION 3 TASK 13 1.1 Creation of plan for collection of primary and secondary data3 1.2 Survey methodology for sampling frame used 3 1.3 Questionnaire for research 4 TASK 25 2.1 Representative values of statistical tools 5 2.2 Analysis of results of mean median and mode 7 2.3 Measures of dispersion7 2.4 Calculation of quartile, percentile and correlation 8 TASK 39 3.1 Graphic representation of collected data 9 3.2 Creation of trend line for prediction 14 3.4 Formal business report14 TASK

BUSINESS DECISION MAKING TABLE OF CONTENTS INTROUCTION 3 TASK 13

   Added on 2020-01-21

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BUSINESS DECISION MAKING TABLE OF CONTENTS INTROUCTION 3 TASK 13_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Creation of plan for collection of primary and secondary data ............................................31.2 Survey methodology for sampling frame used ....................................................................31.3 Questionnaire for research....................................................................................................4TASK 2............................................................................................................................................52.1 Representative values of statistical tools...............................................................................52.2 Analysis of results of mean median and mode......................................................................72.3 Measures of dispersion..........................................................................................................72.4 Calculation of quartile, percentile and correlation................................................................8TASK 3............................................................................................................................................93.1 Graphic representation of collected data...............................................................................93.2 Creation of trend line for prediction....................................................................................143.4 Formal business report........................................................................................................14TASK 4..........................................................................................................................................154.1 Information processing tools...............................................................................................154.2 Project plan for business project ........................................................................................164.3 Project evaluation techniques..............................................................................................18CONCLUSION..............................................................................................................................20REFERENCES..............................................................................................................................21INDEX OF TABLESTable 1: Calculation of mean, median and mode............................................................................6Table 2: Measures of dispersion......................................................................................................8Table 3: Calculation of quartile and percentile................................................................................9Table 4: Calculation of correlation..................................................................................................9Table 5: Sales, cost and profit data................................................................................................10Table 6: Which of the below given factors you think mostly affect your purchasing decisions?.13Table 7: Do you think that Sygenta must launch Amistar in USA?.............................................14Table 8: Calculation of pay back period method...........................................................................19Table 9: Calculation of ARR.........................................................................................................19
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Table 10: Calculation of NPV........................................................................................................20Table 11: Calculation of IRR.........................................................................................................20ILLUSTRATION INDEXIllustration 1: Chart on sales, cost and profit data.........................................................................11Illustration 2: People opinion on Which of the below given factors you think mostly affect yourpurchasing decisions?....................................................................................................................13Illustration 3: People opinion regarding opening of business in USA...........................................14Illustration 4: Trend line for Sygenta.............................................................................................15Illustration 5: GANTT chart..........................................................................................................18Illustration 6: Network diagram.....................................................................................................18
BUSINESS DECISION MAKING TABLE OF CONTENTS INTROUCTION 3 TASK 13_3
INTRODUCTIONIn today era, it is very difficult to make business decisions due to complexity of businessenvironment. It is facts which are used to predict future trends and in this regard various tools areused like mean, median, mode and standard deviation. In this report a research is conductedregard to opening of business in USA. In respect to this primary and secondary data is collectedby the researcher. In case of primary data questionnaire is distributed and response is collected.On the secondary data statistical tools like mean, median, mode and standard deviation isapplied. On he basis of results of these tools recommendations are made in the formal businessreport. Apart from this, project evaluation techniques are also applied and their results areinterpreted in proper manner. In this way entire project is prepared in systematic manner.TASK 11.1 Creation of plan for collection of primary and secondary data Sygenta is a company which wants to launch its fungicide product named Amistar forthe pest control. In study, USA is selected because it is a nation in which in large quantity cropsare produced. Also it is large in size and due to this reason; it has become easy to earn a hugeamount of revenue in USA (Groves, 2011). In order to launch business, it is necessary to conductmarket research. Hence, primary and secondary data is collected for doing market research. Inorder to conduct a secondary research, data will be taken from newspapers, books and journalsetc. Secondary data is a data that is already collected by someone else and is published in thespecific source of information. Whereas, primary research is a research in which data iscollected for the first time by the researcher (Jankowicz, 2005). For conducting primaryresearch, sample of 50 people will be taken which reside in different villages of Texas. Bycarrying out the research, Sygenta would be able to identify potential of the specific geographicarea in terms of revenue. Hence, in this way research will be conducted in a proper manner.1.2 Survey methodology for sampling frame used Survey methodology and sampling techniques are used to conduct research in a propermanner and to select appropriate data collection techniques for the research. Following aresample techniques that can be used by the Sygenta for conducting a research.
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Simple random sampling-. If this technique is applied then Sygenta will take all sampleunits from population of Texas without considering any parameter for the sampleselection. Hence, it is very easy to use this method.Stratified sample units- It is a method of sampling in which entire popularity is dividedinto several parts on the basis of specific parameter (Berg, 2001). Sample units areselected from these strata to conduct a research.Cluster sampling- It is a method in which all sample units are taken from differentgeographic area. From these different areas, all sample units are taken for the research. It will be better for Sygenta to use stratified sampling technique for conducting a researchbecause in this by using several factors population is divided and data is colcted in appropriatemanner. Hence, it can be said that this method of sampling will be appropriate for the firm.1.3 Questionnaire for researchName:Age:Gender:1. Do you use Sygenta's products?YesNo2. Do you think that Sygenta's products help in controlling pests?YesNo 3. Which of the below given factors affect your purchasing decisions?Good qualityCheaper price Discount ratesAny other ________4. Do you think that Sygenta’s pricing policy is good?YesNo5. Do products of Sygenta's meet your requirement?Yes
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No 6. Do you think that Sygenta's marketing operations are effective in the nature?YesNo7. Do you think that Sygenta must launch Amistar in USA?YesNo9. Do you think that if firm will enter in the market then it will face stiff competition?Yes No10. What kind of strategies firm can adopt to expand business sharply in USA?Pricing strategyProduct USP marketing strategy11. Small decline in prices of products will increase product market demand to a great extent forSygenta.Strongly agree Agree Somewhat agreeDisagreeHighly disagree12. Any suggestion to Sygenta for making improvement in its product?(Kindly mention)_______________________________________________________TASK 22.1 Representative values of statistical toolsTable 1: Calculation of mean, median and modeAnnual expensesNo. of countries(F)M. V. (x)CFFX0-10135136510-2025153837520-30372575925
BUSINESS DECISION MAKING TABLE OF CONTENTS INTROUCTION 3 TASK 13_6

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