Report on Business Decision Making ( Prity)
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 organization should plan for their project. For market research, Abacus Research and Analytics (ARA) a research institute, this institute is going to do a research on consumer behaviors and attitudes towards Food Discount in Retailing by Wm Morrison in ...view middle of the document...
“ No risks non gains” There is always risk in business so organizations do research or survey or make project plan to know whether the project is profitable or not.
Table of Contents
| no |Content |Page |
|00 |Executive Summary |01 |
|00 |Introduction |01 |
|01. |Be able to use a variety of sources for the collection of data, both primary and secondary. |02-06 |
| |1.1. Create a plan for the collection of primary and secondary data for given business problem. | |
| |1.3. Design a questionnaire for given business problem. | |
|02. |Understand a range of techniques to analyses data effectively for business purpose. |06-09 |
| |2.1 Create information for decision making by summarizing data using representative values. | |
| |2.2 Analyze the result to draw valid conclusion in a business context. | |
|03. |Be able to produce information in appropriate for decision making in an organizational context. |09-13 |
| |3.1 Produce graph using spreadsheet and draw valid conclusions based on the information derived. | |
| |3.3 Produce a formal business report. | |
|04. |Be able to use software-generated information to make decision in an organization. |13-17 |
| |P4.2 Present briefly the Gant Chart and Pert Chart. What are the differences | |
| |4.3 Use financial tools for decision making. | |
| |Conclusions and references. | |
P1.1 Creating a plan for the collection of primary and secondary data of consumer behavior and attitudes towards food discount retailing in Greater London.
For research or statistical research data is the raw materials of the information should be collected which are relevant to the selected topic. Actually there are four types of data (eHOW.htm)
1. Nominal Data Analysis
2. Ordinal Data Analysis
3. Interval Data Analysis
4. Ratio Data Analysis
For taking any decision in business problem there are two types of data...