Primary and secondary method of data collection

Unit 6 Business Decision Making

Business Decision Making WM Morrison Supermarkets

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Task 1:

Question 1: Primary and secondary method of data collection

Question 2: Survey Methodology and Sampling Frame

Question 3: Questionnaire for a survey into consumer behavior and attitudes towards Food Discount Retailing

Task 2:

Question 1: i) Write responses related to income group of population, working status.

ii) How many people agree that food discount retailing schemes attract them to buy grocery products from retail store?

Question 2: Calculation of measures of central tendency.

Question 3: Calculation of standard deviation as the measure of dispersion

Question 4: Find Quartile, percentile and correlation coefficient.

Task 3 And 4: Prepare presenation

Business decision making is the process of identifying, analyzing, and evaluating alternatives to select the best course of action to solve a business problem or achieve a business goal. It is a critical skill for all business professionals, regardless of their industry or role.

The Level 5 Diploma in Business unit on business decision making covers a wide range of topics, including:

• The different types of business decisions and the decision-making process
• The importance of data collection and analysis in decision making
• Tools and techniques for decision making, such as cost-benefit analysis, risk analysis, and decision trees
• Ethical considerations in business decision making

The assignment for this unit typically requires students to apply the concepts they have learned to a real-world business scenario. For example, students may be asked to:

• Identify and analyze a business problem
• Collect and analyze data relevant to the problem
• Identify and evaluate alternative solutions
• Make a recommendation for the best course of action

Completing this assignment successfully can help students to develop the skills and knowledge they need to make effective business decisions in the real world.

Here are some tips for writing a successful Unit 6 Business Decision Making assignment:

• Make sure you clearly understand the assignment requirements.
• Identify the key business problem or goal that the assignment is asking you to address.
• Collect and analyze relevant data to support your analysis.
• Identify and evaluate a range of alternative solutions.
• Make a clear and well-justified recommendation for the best course of action.
• Write in a clear and concise style, using proper grammar and spelling.

If you need help with your Unit 6 Business Decision Making assignment, there are a number of resources available to you. You can talk to your tutor, classmates, or other business professionals. You can also find helpful resources online, such as articles, blog posts, and e-books.

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