Creation of information using representative values

Unit 6 Business Decision Making Assignment Help - Unit 6 Business Decision Making - Level 5 BTEC HND in Business
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Program: BTEC Higher National Diploma in Business

Unit Name: Unit 6 Business Decision Making

Level: Level 5

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Task 1
Question 1 Create a plan for the collection of primary and secondary data useful to conduct a research that may provide ways to improve sales in your chosen company?
Question 2 Present, a survey methodology and sampling frame that will be most appropriate in your investigation?
Question 3 Design a questionnaire that you will use to collect primary data for the research

Task 2- Part A: Calculations and graph production (evidence for AC 3.3)
Question 1 Creation of information using representative values
Question 2 Analysis of results obtained in AC 2.1 for decision making
Question 3 Calculation of Standard Deviation and its usefulness
Question 4 Calculate the quartiles, percentiles and correlation coefficient of profit and sales figures

Task 3
Question 1 Production of graphs
Question 2 Creation of trend line in scatter graph and obtaining linear equation of the line fitted on scatter graph to forecast profit for an estimated sale of £ 400,000.
Question 3 Preparation of Business Presentation
Question 4 Formal Business Report

Task 4: Prepare a project plan
Question 1 Preparation of project plan using network diagram and determination of Critical Path.
Question 2 Calculation of NPV and IRR. Reporting on the financial viability of project options and advising on which option to channel the investment.

Effective decision-making is a cornerstone of business success, enabling organizations to navigate challenges, seize opportunities, and achieve strategic goals. This unit equips you with the tools and techniques to make informed decisions in a dynamic business environment.

Key topics covered in this unit include:

  • Identifying and analyzing business problems
  • Gathering and evaluating relevant information
  • Developing and evaluating decision-making options
  • Implementing and monitoring decision outcomes

Assignment help for this unit can provide you with:

  • In-depth explanations of decision-making models and frameworks
  • Practical guidance on applying decision-making tools to real-world scenarios
  • Feedback on your problem-solving and analytical skills

By the end of this unit, you will be able to:

  • Apply a structured approach to business decision-making
  • Critically analyze and evaluate information to support decision-making
  • Develop and evaluate alternative solutions to business problems
  • Effectively implement and monitor decision outcomes

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