Business Decision Making Report: Analyzing Data and Creating Trends

This report focuses on business decision-making processes, emphasizing the importance of data analysis and effective strategies. It outlines a plan for collecting data, including defining objectives, data types, and sample sizes. The report delves into survey methodologies, highlighting questionnaires and sampling techniques. It then details questionnaire design, including open-ended, closed-ended, and mixed questions. The report includes data summarization, representative value calculations, and the creation of graphs and charts to visualize key business aspects. Trend lines are utilized for future sales and profit projections, providing a framework for informed decision-making. The report underscores the need for well-structured data to inform effective business strategies. Finally, the report provides references to support the findings.

Business Decision Making

Introduction
 Choices are a best piece of business on which directors need to
made their sharp core interest.
 At whatever point any sort of adjustment or development
related task used to occur in a firm then administration need to
adjust their better and powerful working with the goal that odds
of inferring useful result could wind up conceivable

Plan for collecting data
Certain number of things which used to include about the manager of a FFF
while organising this primary study survey are define and describe as follow and
work in a proper plan framework as well:
 Time period
 Objective
 Type of data
 Location
 Sample size
 Method
 Expectations

Survey methodology and sampling frame
There are different sorts of review system could be pick by Food For Friends in their
working through which better and productive increases could be reflected:
 Questionnaire: One of a noteworthy sort of review is survey under which different
inquiries could be reflected by a respondent from target person.
 Individual Interview: Another review strategy which encourage in characterizing
an individual point of view is close to home meeting.

Continue..
FFF would run with poll review, which empower and bolster them to outlining
the things better and successful in nature. In addition, for a poll overview,
it is vital to counsel with some number of inspecting apparatus also.
Testing have certain sorts of edges which characterize and connote as take
after: \
 Random Sampling
 Cluster Sampling


Questionnaire designing for define business problem
A questionnaire is a frame in which an arrangement of inquiries get accommodated
sorting out an overview with the goal that helpful result could be drawn.
Following are certain kind of questionnaire which could determine while
organising study on food for friends so that beneficial and effective gain
could become possible and gain:
 Open ended questions
 Close ended questions
 Mixed questions

Create information for decision making by summarising
data representative value
Ratings R1 R2 R3 Mean Median Mode
1 50 30 40 40 #VALUE!
2 25 55 40 40 #VALUE!
3 25 35 20 26.66666666
67
25 #VALUE!
4 47 33 40 40 #VALUE!
5 52 28 40 40 #VALUE!
6 27 3 50 26.66666666
67
27 #VALUE!
7 48 32 40 40 #VALUE!
8 55 25 40 40 #VALUE!
9 60 20 40 40 #VALUE!

Creation of graphs and charts
Graphs and charts are beneficial attribute for business through
which report and project could be evaluated properly. It is
really essential to craft and formulate appropriate and suitable
graphs and charts for Food For Friends so that better and desire
outcome could be drawn. This will result in analysing aspects
effectively so that beneficial outcome could be drawn.

Theme 1: Quality of products
1 2
0
5
10
15
20
25
30
35
40
45
50
50
30

Theme 2: Deviation in working and operations
1 2
0
10
20
30
40
50
60
25
55

Theme 3: Price Category
1 2 3
0
5
10
15
20
25
30
35
Row 4

Theme 4: Amenities of restaurant
1 2
0
5
10
15
20
25
30
35
40
45
50 47
33

Theme 5: Sea Beach is one of a most convenient
location
52
28
1
2

Creation of trend line
 Trend lines are helpful in order to estimate and articulate about
future projection.
 Future forecasting is not an easy thing where business suppose
to focus on differ working and attribute.
 Thus, for analysing and evaluating future consideration, FFF will
go to utilise trend line for designing their better and effective
working.

Continue..
Sales Profit Year
20000 22000 2017
23000 25300 2018
26000 28600 2019
29000 31900 2020
1 2 3 4
0
5000
10000
15000
20000
25000
30000
35000
20000
23000
26000
29000
22000
25300
28600
31900
Sales
Linear (Sales)
Profit
Linear (Profit)

References
 Baker, A. J., 2018. Business decision making.
Routledge.
 Ford, R. C. and Richardson, W. D., 2013. Ethical
decision making: A review of the empirical
literature. In Citation classics from the Journal of
Business Ethics (pp. 19-44). Springer, Dordrecht.