Unit 6 Business Decision Making Marks and Spencer - Level 5 Diploma in Business

Program: Diploma in Business

Unit Name: Unit 6 Business Decision Making Marks and Spencer

Level: Level 5

Task-1
1.1 Create a plan for the collection of primary and secondary data regarding how sales can be improved in the food sections of the business?
1.2 Here, you will present the survey methodology and sampling frame used (Please be reflective in your explanation?
1.3 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
2.1 Create information for decision making by summarising data using representative values.
2.2 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).
2.3 Analyse data using measures of dispersion to inform the strategy to improve sales.
2.4 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
3.1 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?
3.2 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.
3.4 Produce a formal business report

Task-4 Appropriate information processing tools
4.1 Write a reflective report on the how you used information processing tools
4.2 Prepare a project plan for an activity and determine the critical path (Make sure that various activities are used for critical path analysis)
4.3 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?

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