Unit 6 Business Decision Making

Unit 6 Business Decision Making

Introduction

Business Decision Making is a important process in every organisation. Decision making means the process of selecting right option from available options logically. This report provides guidance in: collection sources of primary and secondary data , choose right option on the basis of measures of location and dispersion selecting right investment plan with the help of capital budgeting methods and critical path method

Task 1

Introduction

1.1 Plan for collection of Primary and Secondary data

1.2 Survey methodology and Sampling Frame

1.3 Sample questionnaire to be used for the purpose of research

Task 2

Introduction

Stephanie is an owner of small store in London. She wants to improve its sales so she has collected data related with sales on different price ranges for the purpose of business decision making. Stephanie wants to take business decision on the basis of measures of location and measures of Dispersions.

2.1 Calculation of Mean, Median and Mode

2.2 Analysis on Mean, median and mode

2.3 Calculation of Range, Standard deviation, Lower quartile, Upper quartile and Inter quartile range

2.4 Quartile and Correlation coefficient:

Task 3

Graham Consultants Limited provides their data related with sales, cost and profit to the management consultants related with previous ten years.

3.1 Following line graph along with trend line shows the relationship between sales, cost and profit of the organisation.

3.2 & 4.1 Trend lines using spreadsheets for sales, costs and profit showing forecast of 3 years for each.

3.3 Presentation on sales, cost and Profit

3.4 Formal report for regional manager

Task 4

Introduction

QWM Investments Limited started a project in which various activities are available to perform. Business activities include Preparation for the project, business planning, recruitment and selection of staff, installation of machinery, training, assessment, continuous testing, policy documentation and appraisal.

4.2 Calculation of project Duration and critical path

Task 5

Introduction

Local Construction Company is planning to invest a new project. The company have two projects to be available for investment to the company. Each project cost 3, 00,000£ but the return from these investment is different and the time period for the return of investment is 5 years for both the investments. Board of the company compare both the projects on the basis of payback period, Net Present value (NPV) method and Interest rate of return (IRR) method. Board assumes 10% discount rate.

4.3 Calculation of payback period, NPV and IRR and brief report with recommendations

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