Unit 6 Business Decision Making

Topics: Net present value, Median, Percentile Pages: 31 (6359 words) Published: March 9, 2015
DRAFT

Name:

Shanzaib K. Malik

Address:

1 Whittinghame Gardens,
1089 Great Western Road,
Glasgow,

Post code / Zip:

G12 0AA

Telephone No:

07429532435

Email Address:

Shanzaibmalik@hotmail.com

Date:

11/6/2014

Course Name:

HNC Business

Tutor Name:

Jeremy Oughton

Assignment Name:

Unit 6: Business Decision Making

Unit 6: Business Decision Making

Assist in the development of a Commercial Gas Safety Certificate Business

Index

Introduction Page No.

1.1 Create a plan for the collection of primary and secondary data for a given business problem……....5-6 1.2 Present the survey methodology and sampling frame used……………………………………………...6-7 1.3 Design a questionnaire for a given business problem…………………………………………………….8-9 2.1 Create information for decision making by summarizing data using representative values……….10-12 2.2 Analyze the data to draw valid conclusions in a business context………………………………………..13 2.3 Analyze data using measures of dispersion to inform a given business scenario………………….14-16 2.4 Explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context………………………………………………………………………………...16 3.1 Produce graphs using spreadsheets and draw valid conclusions based on the information derived ……………………………………………………………………………………………………………………17-18 3.2 Create trend lines in spreadsheet graphs to assist in forecasting for specified business information ……………………………………………………………………………………………………………………19-21 3.3 Prepare a business presentation using suitable software and techniques to disseminate information effectively …………………………………………………………………………………………………………...22 3.4 Prepare a formal business report…………………………………………………………………………23-24 4.1 Use appropriate information processing tools .....................................................................................25 4.2 Prepare a project plan for an activity and determine the critical path ………………………………..26-28 4.3 Use financial tools for decision making…………………………………………………………………..28-29 Conclusion…………………………………………………………………………………….…………………...29 References………………………………………..………………………………………………………………..29

Introduction:
Decision making is an absolute vital part of the business environment. Depending on the size of the organization, each decision made could potentially have a great impact on a company’s operations. Effective decision making requires good use and interpretation of information. There are four main aspects involved in processing information for decisions: Data gathering, Data storage, Presenting information and analysis. Gas Services Extra Ltd. Is a reputable maintenance and repairs company in Glasgow specializing in Gas, Electric, plumbing and heavy refurbishment works. They have already established a domestic gas safety certification business however due to the increased demand for callouts to takeaways, they have decided to expand their horizons into the commercial sector. The author has been asked to assist in the development of the commercial gas safety business by: evaluating the size of the market and understanding the dangers that come with unserviced gas appliances, creating a plan of action to engage commercial premises operating with dangerous equipment, figuring out what the potential costs are for hiring skilled Gas Technicians in today’s economy. Then we will look at which appliances are most at risk as well as the average cost at repairing them. Then we will move onto analyzing the number of incidents reported to us and evaluate our profit and loss.

1.1 Create a plan for the collection of primary and...
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