Business Decision Making: Analyzing Customer Reviews - Balti Palace
VerifiedAdded on 2023/03/22
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Report
AI Summary
This report provides an analysis of customer reviews for Balti Palace restaurant to inform business decision-making. The report uses descriptive research methods and a sample size of 40 respondents to analyze customer perceptions regarding the opening of a new Balti Palace restaurant. Key findings indicate a sufficient increase in customer satisfaction, willingness to pay for offered foods, and a consistent increase in company profitability. Suggestions include introducing specific needs of outside customers, improving online booking and payment methods, and maintaining effective sales and net profit strategies. The analysis utilizes trend lines to project sales and net profits from 2018 to 2020, demonstrating the increasing financial performance of the company. The report concludes that business decision-making is crucial and that charts and graphs are essential tools for analysis.
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