Unit 6 Business Decision Making Essay

4. The key methods of collecting primary data (1.1). Justify the choice and application of data collection methods and research instruments to explore an area under investigation (2.3). Evaluate their relative strengths and weaknesses (2.4)

Research Design The quantitative research design was used for this research. According to Vogt, W. P. (2005), quantitative research emphasizes the measurement and analysis of causal relationships between variables, not processes. Aliaga and Gunderson (2005) defines quantitative research as ‘Explaining a phenomena by collecting numerical data that are analyzed using mathematics based methods’ this approach

Reports When a manager needs a detailed information on the business changes or statistics on Why is this done? To make sure that the document is correct and there is no mistakes. 3. Explain the purpose of following confidentiality and data protection procedures when preparing documents. Because it is requested by law and would be good to the business practice. There`s a legal framework regulates the way that personal information is collected, stored, processed and distributed. Businesses creating and distributing documents rights, confidential information of the individuals must be respected. If the business didn’t they would lose their customers.

Unit 1-P1 Business Ownership. There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.

D1 Without appropriate organisation on a variety of fronts, most business will limp, unable to set or achieve their strategic plans therefore organisational functions are the glue that holds all the pieces of your business together in the pursuit of their ultimate objective. However organisational functions have some interrelationships. Examples of organisational functions are, finance, marketing, Human resources, operations, Research and development purchasing, production, sales and advertising.

Each worksite health system begins as individual pieces. Also, you would like to amass the pieces together accurately and effectively, adjust? Your part as a worksite health facilitator is to make sense of how to assemble the individual pieces. Since every business is one of a kind, there is nobody

Make a customer analysis and segment the market. What impact does your analysis have on the current business model of the company?

OBJECTIVES OF THE STUDY  To understand the customer gap like, what the customers expect from the company on various parameters.

Supporting relationships with my clients is a pivotal piece of growing a fruitful business. In these advanced times, being attentive to clients has never been more imperative. At any time, an unhappy client can share their insight on my company with the masses through social networking and the internet and

(Reference: http://accountingexplained.com/financial/principles/consistency accessed on 28/01/15) Prudence concept is when a transaction is uncertain and therefore the profit is not recognised and unclear. If these sales are not completed, it could be a problem for the business organisation. This money will be recorded as bad debts in the profit and loss account.

Introduction Thinking critically and making decisions are important parts of today’s business environment. It is important to understand how the decision making process works and the steps involved. The nine steps of the decision making process are: identifying the problem, defining criteria, setting goals and objectives, evaluating the effect of the problem, identifying the causes of the problem, framing alternatives, evaluating impacts of the alternatives, making the decision, implementing the decision, and measuring the impacts. (Decision, 2007.) By using various methods and tools to assist in making important business decisions an individual can ensure the decisions they make will be as successful as possible. In this paper it

• Research methods purposes; • Types of sampling; • Data collection procedures; • Data analysis techniques; and • Conclusions that can be drawn from data analysis. Compare and contrast quantitative and qualitative methods on each of the elements listed. Please use scholarly, academic literature to support your response.

Who are the current customers/users? Include information related to demographics, psychographics and buying behavior, price sensitivity, customer satisfaction and loyalty.

Summer Preparatory Session PGP 2013-15 Case Based Interviews SAMPLE QUESTIONS • Our client is a large auto manufacturer who is thinking about making a device that will increase the fuel efficiency of the car by 20%. What is the market for the product? What should it be priced at? • Our client is the PVR. They want a growth strategy for the next five years? What are your recommendations? • Our client is Kingfisher. Their main product is Kingfisher beer. They want to know if they can switch from glass to plastic bottles. What are the advantages and disadvantages of such a move? Also estimate the size of the Indian Beer Market

3. Analyze competition By getting feedback and suggestion from the customer organization should work on their strengths and weakness. Its also important to get the target customers.