Business Decision Making Essay

3919 words - 16 pages

Business Decision Making
Assignment 1
Beatriz D’ Bayan
Veronica Gamboa

Table of Contents
Business Decision Making 3
Task 1: 3
1.1 Collection of data 3
1.2 Survey Methodology 4
1.3 Questionnaire 6
Task 2 9
2.1, 2.2, 2.3 Interpret and conclude the calculation of the frequency distribution, mean, median mode, percentiles, quartiles and correlation coefficient, standard deviation, variance and coefficient of variation (for arrival time and service time data only). 9
2.4 The following task should be accomplished: 14
References 16
Appendices 17

Business Decision Making
Task 1:
1.1 Collection of data
1 | Develop Plan | C.M ,T.H, B.D | June 23-27 |
2 | Conduct Observation | | June29 ...view middle of the document...

Additionally, the use of hand-collected surveys allowed the researchers to check the information immediately for accuracy and to analyse the data quickly. It helped to eliminate the problem of inaccurate results, because the surveyors could observe that the general demographic information was correct, via visual examination. It was cost efficient in that there were no computer-based costs associated with distributing and collecting the materials.

Sampling Frame
A. Give three (3) reasons for the selected survey methodology (based on your research)

1. The researcher recommends Computer-based questionnaires because it allows respondents more time to think about their answers to the questions.
2. The researcher recommends Computer-based questionnaires because it will cost significantly less than interviewing in person.
3. The researcher recommends Computer-based questionnaires because it will cut down the time for data collection, due to the limited time frame.

B. Give three (3) reasons for the selected sampling frame (refer the results of your survey)
1. The researcher used the age group of 16-20 as the respondents because that’s the age group that frequent Shakey’s and Pizza Hut the most.
2. The researcher chose the location of Muntinlupa City and the cities around it, which are Las Piñas City and Parañaque City because the respondents that have been chosen have access to those branches.
3. The male and female gender have been used by the researcher as their respondents because the computer-based questionnaires applies to both genders.

1.3 Questionnaire
The questionnaire for this study is composed of 8 questions:
Good day, we are 2nd year students of Southville International School Affiliated with Foreign University and we are currently conducting a survey of the two chosen restaurants, Shakey's and Pizza Hut. We would greatly appreciate your cooperation and honesty. Thank you very much.
* Required

Top of Form
Name (Optional)

Age *

Time of the day you visit the restaurant? *
* 9 am to 12 pm
* 1 pm to 4 pm
* 5 pm to 6 pm
* 7 pm to 8pm
* Other:
Gender *
* Male
* Female
What restaurant would you rather prefer? *
* Shakey's
* Pizza Hut
How long does the service time usually take? *
* 1
* 2
* 3
* 4
* 5
* Other:
How long you usually wait for the food? *

Customer Service Rating from 1 to 5 *
* 1
* 2
* 3
* 4
* 5
Location *
Bottom of Form

Task 2
2.1, 2.2, 2.3 Interpret and conclude the calculation of the frequency distribution, mean, median mode, percentiles, quartiles and correlation coefficient, standard deviation, variance and coefficient of variation (for arrival time and service time data only).
The calculation made with the collected data is presented in the tables below:
Data Analysis of Shakey |
Service time | Waiting time |

Other Papers Like Business Decision Making

Research & Decision-Making For Business Essay

4479 words - 18 pages The Learning Business Research Report BX2174: Research & Decision-Making for Business KARAN LAKHANPAL Student Number: 12908897 QIN YANG Student Number: 12653971 Lecturer: Dr Andre Kuah Contents 1. EXECUTIVE SUMMARY ............................................................................................ 2 2. BACKGROUND TO THE BUSINESS DECISION OR PROBLEM .............................................. 3 3. THE

Decision-Making in Business and the Repercussions of Unethical Choices

1743 words - 7 pages Decision-Making in Business and the Repercussions of Unethical Choices In business, managers must attempt to take ethical approaches to all areas of work so as not to compromise the company, the employees, or the organization’s consumers. Specific criteria have been established for managers to follow in order to remain ethical, even when faced with unethical situations. Ivancevich, Konopaske and Mattseson identify these criteria as the

Business and Decision-Making

2022 words - 9 pages Thinking and Decision-making Paper John Jones | | MGT 300 October 11, 2010 Professor Tim Duncan Thinking and Decision-making Paper The world consists of various types of thinking styles, which affect how people make a decision. In considering these thinking styles, it is imperative that a person considers the correct style to

Business Decision Making

2132 words - 9 pages part of the day when this establishment has more clients. 3.2 Create trend lines in spreadsheet graphs to assist in forecasting for specified business information Sales in Starbucks Coffee (Billion Pesos) | | Year | 2012 | 2013 | 2014 | Sales | 10.53 | 11.7 | 12.98 | The sales of Starbucks coffee has been increasing, since 2012, that’s because their market share is also increasing and Starbucks, people in the Philippines is drinking

Business Decision Making

737 words - 3 pages plan for the collection of primary and secondary data for a given business problem. They are two types of sources that can be used when conducting a research: Primary and Secondary. Primary sources give first-hand results that are provided by a research or study directed specifically for the case in question. Secondary sources usually interpretation or an analysis of a primary source. In the case of AZE, the usual sequence would be to

Decision Making

1107 words - 5 pages alternative solutions to approach: more advertising, offering incentives to customers during slow hours to increase sales, use the extra space and rooms to generate income by renting that space, closing the business during slow times, and put the business on the market to gauge potential profit from sale. Bateman and Snell (2011) stated that “It is important to understand why decision making can be so challenging” (p. 86). Many solutions to

Decision Making

2644 words - 11 pages empirical decision making style. However, some psychologists say that the MBTI lacks reliability and validity and is poorly constructed. Other studies suggest that these national or cross-cultural differences exist across entire societies. For example, Maris Martinsons has found that American, Japanese and Chinese business leaders each exhibit a distinctive national style of decision making. OPTIMIZING VS. SATISFICING BOUNDED RATIONALITY- Herbert

Decision Making

521 words - 3 pages of motivation. My decision making process what actually the same as what is stated in the reading. I was able to realize the issue, generate solutions, making a choice, and implementing the decision of the choices that I make. Had I not followed the decision making steps then there is a possibility that I may not have ended up with the life actions and decisions I am with now. There are so many scenarios that could have occurred depending on the

Decision Making - 1870 words

1870 words - 8 pages business decision making will be summarized. Finally, a Christian view that presents an ethical perspective on quantitative modeling and decision making will be presented. In an ever increasing global environment, maintaining a competitive advantage can be sustained through quantitative modeling, which can make a company a viable analytic competitor. How Can a Company Become and Be an Analytics Competitor Competitors make it increasingly more

Decision Making - 1854 words

1854 words - 8 pages decision making The finance department of a company generates a variety of financial information that is helpful in decision making, including: Read more: Under Creative Commons License: Attribution Non-Commercial Share Alike Follow us: @BizCaseStudies on Twitter | bizcasestudies on Facebook Profit and Loss accounts providing

Decision Making - 1525 words

1525 words - 7 pages Decision making and Thinking is a part of our lives like breathing, people don’t stop to analyze why they use this process. People may think that thinking and decision making is a simple process, there are many styles of thinking for every issue people come across in their daily lives. The four different styles of critical thinking are creative, logical, scientific, and persuasive. The different styles of thinking are fit to the different

Related Essays

Business Decision Making Essay

1584 words - 7 pages Assignment front sheet Qualification Pearson BTEC Level 5 HND Diploma Business Student name Unit number and title Unit 6: Business Decision Making Assessor name James Kwok Date issued Completion date Submitted on 5th January 2015 16th February 2015 Assignment title BDM: To start-up a upstairs coffee cafe in the city(2 of 2) Learning Outcome Learning outcome Be able to produce information in appropriate formats

Business Decision Making Essay 4173 Words

4173 words - 17 pages Report on Business Decision Making ( Prity) INTRODUCTION Because of the globalization everyone can do business wherever find profitable place or location, for technological development it become easier and accessible to do business one corner from another corner of the world. Although there is lots or benefits for technological advancement, for operating every business in every place there are some problem also. So for effective business

Business Decision Making Essay 1078 Words

1078 words - 5 pages BUSINESS DECISION MAKING INTRODUCTION  Johnson and Johnson is an American multinational company founded in Brunswick ,New Jersey in 1886 by American entrepreneur Robert Wood Johnson. It manufactures pharmaceuticals, medical devices and consumer products.  J&J and its subsidiaries have operations in over 60 countries and sell their products in over 175 countries. Today, it employs 120,000 people worldwide.  They are the world’s

Business Research For Decision Making Essay

1917 words - 8 pages Business Research for Decision Making IP 2 Tonja A. Brooks AIU Online Abstract This paper attempts to develop a framework for interrelationships among human resources information systems (HRIS), outsourcing, and corporate culture. This research investigates impacts of outsourcing HRIS on corporate culture. In this paper, we hypothesize that Outsourcing corporate HRIS is less desirable (1) if the quality of product and customer