Nobody downloaded yet

Business decision making - Essay Example

Comments (0) Cite this document
Summary
In addition, the availability of flower shops in a locality is also much less in comparison to other shops. For opening a flower shop in the Coventry city of United…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful

Extract of sample "Business decision making"

Download file to see previous pages and other external factors such as availability of suppliers are also necessary to be considered that would help an entrepreneur in successfully establishing a flower shop in the city (Fairfax Media, 2015). Sufficient workforce should be available in the particular area that would help in conducting the business in an effective manner. Moreover, there are factors that include effective promotional activities and good customer support are recognized to be vital for attracting the customers towards the flower shop, which will be beneficial in creating customer loyalty, which in turn will assist towards long term sustainability of the flower shop. There are various flower shops in the UK operating successfully and an increased demand has been observed in the market segments of Coventry city. In this respect, the growing demand for flowers in the country is providing a great scope for the entrepreneurs to establish flower shops in order to suffice the demand of the people (Warwickshire Observatory, 2015).
Feasibility report is generally used for evaluating the probability of the success of a particular project or business that is being planned to be launched in the future. It is therefore, the result of detailed analysis of a proposed project, business or idea for determining whether establishing such venture would be successful or not. A feasibility report also examines the readiness of an organization for ensuring that internal capabilities are capable enough to commence a new project or business. In case, if an organization or an individual is not capable of carrying out the new business planning, a contingency plan is being provided in the feasibility report that would help to overcome the adverse situation. Contextually, in this study, the feasibility report would help the flower shop owner to obtain a detailed outlook about the environment and the rate of success if the flower shop is established in Coventry city, UK. The report would be serving as an important ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business decision making Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Business decision making Essay Example | Topics and Well Written Essays - 3000 words. Retrieved from https://studentshare.org/business/1693653-business-decision-making
(Business Decision Making Essay Example | Topics and Well Written Essays - 3000 Words)
Business Decision Making Essay Example | Topics and Well Written Essays - 3000 Words. https://studentshare.org/business/1693653-business-decision-making.
“Business Decision Making Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/business/1693653-business-decision-making.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business decision making

Business Decision Making

...?Business Decision Making        Research methodology is the one of the most significant part in any of the research undertaking. Collection of the most reliable data is very much essential in order to reach the most precise conclusion and decision making. Reason for colleting the primary and secondary data for the given business problem helps to reach the authentic decision to advice the clients in Spain, France and Italy. As the manager of the company, preparation of most suitable plan for primary and secondary data collection is very much necessary. “Data Collection helps your team to assess the health of your process....
12 Pages(3000 words)Essay

Business Decision Making

...? Business Decision Making According to Baker decision making can be defined as the process of developing a solution toa problem. In addition, decision making can also be termed as the process of selecting the best alternative courses of actions from all the available options. In business, decision making is an inherent management activity. In the business arena, every manager whether of a high, middle or low level in an organization, has to encounter a situation which requires them to make a decision. For example, the...
12 Pages(3000 words)Assignment

Business Decision Making

...? Business Decision Making Business Decision Making Task I) Brent Cross is part of North London, at the “London Borough of Barnet”. The area is located close to the “A41 Brent Cross foyer, which crosses the A406 North circular way”. The area is home to the Brent Cross shopping center and a population of not less than 2.5 million. Through the market research, the investigators will determine the market. Through evaluating the need for gym services at the Brent Cross area – the study will determine whether the investment will stand well, with regard to the values of the residents, and whether the business will be able to...
8 Pages(2000 words)Assignment

BUSINESS DECISION MAKING

...?Business proposal Plan for the collection of primary and secondary data Secondary data on Dubai buyer market is extremely easy to find. Statistics regarding buyers such as their annual income, cost of property in Dubai, duration of the payment term, mortgage rates, availability of bank financing and the level of financing can all be gathered as it is available from the Dubai government, banks and property dealers. Facts and figures about costs, mortgage rates, deposit rates and annual expected returns are also available online. Since there are no taxes on property in Dubai, it makes finding out property costs simpler. Statistics show that a one bedroom apartment will cost around AED 700000, a two bedroom apartment from AED1100000... and a...
11 Pages(2750 words)Essay

Business - Decision Making

...on a graph and a straight line is drawn through the middle. (Linear Regression, 1999). The graphs given above are examples of a linear equation. Notice that the dots appear scattered but following a particular pattern On the other hand nonlinear regression (NLREG) is used in more complex situations. "NLREG is a powerful statistical analysis program that performs linear and nonlinear regression analysis, surface and curve fitting." (NLREG). After the taking over of Company W, WidgeCorp is supposed to be one of the leading industries under marketing of snack foods and beverages. Their style of management and business decision-making was different from the company W. The WidgeCorp...
4 Pages(1000 words)Essay

Business Decision Making

...Running Head: BUSINESS DECISION MAKING Business Decision Making in APA Style by Decision making is very important in business organization since this identifies the most strategic direction that it can take considering its internal and external environments. Hypothesis testing is a statistical tool which aids managers and other decision makers in coming up and choosing among the various alternatives. Hypothesis testing is defined as "the process of choosing between competing hypotheses about a probability distribution, based on observed data from the distribution"...
2 Pages(500 words)Essay

Business Decision Making Process

...Introduction Decision making is one of the most critical aspects of doing business because it involves complex chain of steps which one needs to follow in order to successfully perform the process of decision making. Organizations often follow a systematic process to make decisions and than take actions in order to implement such decisions. However, this systematic process of decision making involves complex web of activities and processes which one must need to undertake in order to make effective decision making. The effectiveness of an organization’s leadership qualities is often reflected by the quality of its decision making and as to how effective decisions are made. It is because of this reason that it is often important... for the...
10 Pages(2500 words)Essay

Business Decision Making

...to departure station. Question 4: How many times a month do you make this journey by train? Comment on the descriptive statistics for the number of times a month passengers make their journeys. How accurate are these results? Descriptive Statistics Variable n Minimum Maximum Mean SE(Mean) SD times journey made each month 250 1 24 12.06 .52 8.22 The mean number of times a month passengers make their journeys is 12 times with minimum 1 travel and maximum 24 travels and the standard deviation is 8.22. Previous research indicates that the average number of times that passengers make journeys on this train service is 14 times a month. Do your results match this result? Null...
8 Pages(2000 words)Assignment

Business decision making

...Business Decision Making Introduction Business decision making, is a process that involve various stages to solve organization problems. Decision makers use various techniques to analyze the available data in order to come up with the most appropriate solution to the organization problems. Some of the methods/techniques used may vary depending on the organization situation. However, the methods of data analysis may be similar depending on the relationship between the decision elements (Sharma, 2010). In this study, primary data will be used to identify the challenges and possible solutions to the...
4 Pages(1000 words)Essay

Business Decision Making

...Business Decision Making of Business Decision Making LO 3.2 Trend Lines It is a linear trend line which determines how often people prefer eating in a restaurant. Linear trend line determines if something is increasing or decreasing on a steady rate. Here it is observed that the trend line is increasing. LO 3.3 (Presentation Slides) LO 3.4 Business Report Introduction From the survey it is noted that the Londoners have grown a habit of eating out at restaurants. Low price of food items also encourages people to dine at a restaurant and has also increased the number of restaurants in London. Similarly, the Board of...
7 Pages(1750 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Business decision making for FREE!

Contact Us