Business Decision Making FINAL - 3261 Words

Table of Contents Task # 1.1: 4 Introduction: 4 Research 4 Data collection objective: 5 Task 1.2: 6 Survey methodologies: 6 Sampling frame used: 7 Task # 1.3: 7 Questionnaire: 7 Task # 2.1 2.2: 8 Data analysis: 8 Task # 2.3: 11 Measures of dispersion: 11 Task # 2.4: 12 Quartile, percentile and correlation coefficient calculation: 12 Task # 3.1: 14 Task # 3.2: 16 Task # 3.3: 17 Task # 3.4: 18 Formal business report 18 Task # 4.1: 18 Information processing tools: 18 Task # 4.2: 20 Task # 4.3: 22 Financial tools: 22 Reference: 23 Task # 1.1: Introduction: Dunkin Donuts restaurant is one of the world’s largest companies in fast food industry, which deals in wide range of hot, iced and cold beverages, baked goods, sandwiches and†¦show more content†¦Questions are short ended means sometimes they gave us space to write about their view of specific things and sometimes operations are given and we just need to choose the answer as per our perception. Interview: Interviews are quicker way to get respond from customers rather than Questionnaire survey. These are no any prominent difference between Questionnaire and interview. Interview can be of many types like face-to-face interview (those interview which are conducted personally and face to face. This is time consuming and direct way to conduct survey) and telephonic interview (those interview which are conducted on telephone or indirect way to conduct survey) etc. We use open- ended questionnaire survey methodology to know about the views of customers and their preference or satisfaction level. Sampling frame used: Sampling is known as process to test or conduct census the wroth and influence ability of product directly on consumers. Sampling frame is called the target consumers of a specific area. Numbers of people are selected to study the change in their behavior or effect on them within certain condition. Before conducting sampling, we will choose few people from population and test or judge their behavior to analysis and interpret the result. Task # 1.3: Questionnaire: Keeping in view the above-mentioned scenario, few of questionnaire for solving existing problems are of following types: Have you everShow MoreRelatedDifferences between B2B and B2C800 Words   |  4 Pagesbetween B2B and B2C Business to business and business to customers is two important different terms that one needs to understand. The two terms mean different things in the business environment. The aim of this research paper is to evaluate the differences between business to business and business to customers. Transactions in the case of business to business involve two business organizations while business to customer involves transactions between an organization and the final customers. An exampleRead MoreB2b Buyers Essay836 Words   |  4 PagesIDC survey reports that 3 out of 4 B2B buyers used social media to communicate with peers before making purchasing decisions. According to Accenture 94% of buyers research online before making the final decision. Research indicates that 64% of C-suite have the final sign-off on purchases. Overview Hello! Thanks for your question about who makes the buying decisions in the business to business training field. The short version is that Below you will find a deep dive of my findings. METHODOLOGY Read MoreEmployees Expect Consistency From Managers Essay1000 Words   |  4 Pagesconsistency from managers in their decision-making style, but many managers believe that the decision making style should depend on the situation. If a specific situation requires low involvement from employees, then they will be allowed to communicate their opinions about the problem and potential solution without making the final decision. If another situation requires high involvement, then they will be able to both, communicate their opinions and make the final decision. So how can managers solve thisRead MoreDecision By Graham Allison978 Words   |  4 Pagespublished The Essences of Decision, in which he suggested three perspectives one might use to analyze a major decision (Nahavandi, Denhardt, Denhardt, Aristigueta, 2015). These three perspectives allow every decision to have a potentially different outcome depending on which is used to make the decisions. The rational model, the organizat ional process model, and the governmental politics model or collaborative models have been used to analyze many different decisions. Out of the three optionsRead MoreSP15 SCM 305 Syllabus1256 Words   |  6 PagesSchool of Business Course Syllabus – SCM 305 Business Decision Making Spring 2015, Wescoe 3140 1:00-2:15, Tuesday/Thursday Instructor: Joe Walden E-mail: joewalden@ku.edu Office: 118i Summerfield Office hours: Tuesday/Thursday: 9:00-11:30 PM; Monday/Wednesday 8:00-10:30; Or by appointment TAs: Jamie Mack Pamela Carper Deepa Anant Jill Carroll Angie Kim Course Description: This course is an introduction to decision making encountered in business and everydayRead MoreDecision Making Techniques in Managerial Accounting876 Words   |  4 Pageseducated decisions and do their job duties efficiently. A typical manager’s responsibilities with managerial accounting include interpreting finance reports and projections and using those to make financial decisions that will affect the company. Since managers have to make routine decisions and finalize reports periodically, it is vital that they are able to conduct healthy decision making processes and are able to come to make quick educated conclusions. While there are plenty of decision makingRead MoreBusiness Decision of Rivers Dance School Essay1308 Words   |  6 PagesBusiness Decision of Rivers Dance School When making a drastic business decision such as the one proposed by River’s Dance School, it is important to go about making the decision in the appropriate manner, through the use of a formal decision-making model process. This should be done with the aid of relevant information generated in the accounting process and through an evaluation of the effectiveness of the dance school’s ownership structure. When decidingRead MoreMetrics1099 Words   |  5 Pagesfor strategic business decisions. One challenge for companies today is the wealth of information and computers to process it. There are numerous software applications to assist in forecasting, capacity planning, production scheduling, enterprise resource monitoring and other decision areas. Businesses must determine the proper application to work with their company model and carefully monitor implementation of a system that will have a broad impact on how the company does business for years toRead MoreDecision-Making Style Summary. Snehapriya Bharatha. Mba1167 Words   |  5 Pages Decision-making Style Summary Snehapriya Bharatha MBA 505: Foundations of Management Dr. Frear January, 23, 2017 Decision-making Style Summary: Detailed understanding of the identified problems and collaborative determination of the solution is decision-making. Successful accomplishment of this task requires applying multiple steps which assist individuals to make exceptional decisions. One’s decision-making model might be different than others because there are four known decision-makingRead MoreThe Role of Consensus in Business1652 Words   |  7 Pages Understanding consensus and its role in a business As mentioned earlier in the introduction, consensus is a general agreement that is made within different groups. Consensus is another word for consent, which means to give permission. It is part of the process of decision-making where everyone within the group has a say and agrees to support a decision in the best interest of the business as a whole. Consensus builds a relationship within the workforce and this helps them find a solution that meets