HND Business: Business Decision Making for Food for Friends Expansion

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Added on  2023/03/21

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This report delves into the business decision-making process for Food for Friends, focusing on the viability of opening a new branch in London. The research methodology involves collecting primary data through questionnaires distributed to 50 respondents, using random sampling to ascertain their views. The data interpretation includes analysis of responses regarding the new branch, preferred dishes, and service satisfaction. A trend line illustrates sales and net profit from 2017 to 2020. Key findings indicate that a large number of respondents support the expansion, agree on the company's financial stability, and are satisfied with existing services. The conclusion emphasizes the effectiveness of primary data collection for providing accurate information to the management of Food for Friends, and highlights the references used in the research.
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Business Decision
Making
(Task- 3.3)
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Table Of Content
Introduction
Objectives
Research Methodology
Data Interpretation
Trend Line
Findings
Conclusion
References
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INTRODUCTION
Decision-making is integral part of every organisation which
helps to accomplish their business objectives and targets
within stipulated period of time. To make their business
operations successful in future need to plan their daily
operations in continuous basis
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OBJECTIVES
The main aim of Food for Friends is to start new branch
in London
To check the viability of move by conducting research
from respondents of total population
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RESEARCH METHODOLOGY
The main aim behind conduct research is ascertain the
views and feedbacks of respondents.
To select 50 respondents from total population, random
sampling method is used by researcher
Questionnaire is prepared by researcher under primary
method of data collection
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DATA INTERPRETATION
Q1. Do you think opening of new branch
of Food for friends in London is good
move?
Frequency
Yes 38
No 12
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Continue...
Yes No
0
5
10
15
20
25
30
35
40 38
12
Column B
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Q2. What kind of dish you like most in
Food for Friend restaurant?
Frequency
Seafood 28
Italian 12
Chinese 10
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Continue...
28
12
10
Seafood
Italian
Chinese
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Continue...
Q3. Are you satisfied with the
quality of services of Food for
Friend?
Frequency
Highly satisfied 32
Satisfactory 10
Not satisfied 8
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32
10
8
Highly satisfied
Satisfactory
Not satisfied
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TREND LINE
Year Sales Net Profit
2017 7240 2100
2018 7660 2450
2019 8610 2750
2020 8800 3100
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