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How you used information processing tools

Unit 6 Business Decision Making Marks and Spencer Assignment Help - Unit 6 Business Decision Making Marks and Spencer - Level 5 Diploma in Business
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Program: Diploma in Business

Unit Name: Unit 6 Business Decision Making Marks and Spencer

Level: Level 5

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Task-1
Question 1 Create a plan for the collection of primary and secondary data regarding how sales can be improved in the food sections of the business?
Question 2 Here, you will present the survey methodology and sampling frame used (Please be reflective in your explanation?
Question 3 Design a questionnaire to collect the data relating to the reasons why sales have fallen and how revenues can be improved in the food department of Marks and Spencer?

Task 2: Be Able To Understand A Range Of Techniques To Analyse Data Effectively For Business Purposes
Question 1 Create information for decision making by summarising data using representative values.
Question 2 Analyse the results to draw valid conclusions in the context given in the scenario above (You have to make sure the Information is created using representative values and Analytical Report).
Question 3 Analyse data using measures of dispersion to inform the strategy to improve sales.
Question 4 Explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in the given business context?

Task 3: Be able to produce information in appropriate formats for decision making in Marks and Spencer
Question 1 Use the data collected in AC 2, to produce graphs using spreadsheets and draw valid conclusions based on the information derived( please ensure that it is a report with relevant graphs to aid relevant conclusions?
Question 2 Now create trend lines in spreadsheet graphs to assist in forecasting for specified business information (this should be a well created graphs or statistical diagrams to aid business to forecast future information.
Question 4 Produce a formal business report

Task-4 Appropriate information processing tools
Question 1 Write a reflective report on the how you used information processing tools
Question 2 Prepare a project plan for an activity and determine the critical path (Make sure that various activities are used for critical path analysis)
Question 3 Use financial tools for decision making regarding the strategy to improve sales. You have to apply practical calculation of data analysis linked with appropriate tools to aid decision making?

Unit 6 of the Level 5 Diploma in Business covers the business decision-making process. The assignment for this unit requires students to apply the concepts of business decision making to a real-world scenario.

In the case of Marks and Spencer, the assignment could involve analyzing the company's current situation, identifying the problems it is facing, and developing solutions to those problems. Students would need to consider a variety of factors, such as the company's financial performance, its competitive environment, and its customer base.

The assignment can be challenging, but it is an important opportunity for students to develop their skills in business decision making. With careful planning and preparation, students should be able to complete the assignment successfully.

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