BUSINESS DECISION MAKING

Business Decision Making

Business Decision Making

Table of Content

Introduction3

Task I3

Methods of Data Collection3

Survey Method3

Questionnaire4

Task II5

Conclusion & Recommendations11

Task III12

Conclusion & Recommendation13

Task IV14

Conclusion & Recommendation20

References22

Introduction

From my understanding, Primary and Secondary research are the difference in conducting the research. In Primary research, there is no data available for the researcher, hence the researcher has to start from scratch. This means that the researcher needs to design questionaires, collect data from respondents and then analyse the result.

Task I

Methods of Data Collection

If you are doing secondary research, the researcher have the necessary data available. These data are made available through other publications or reports, like newspaper or annual reports of companies. If the researcher is doing secondary research, there is no need to start from scratch, he or she uses the data or information done by other organizations or publications. The important thing is that there are advantages and disadvantages for both methods. Primary research is more time consuming and costly. While some secondary research may not suit the researcher's needs.

Survey Method

The survey method of research means asking people a series of questions, and then make a conclusion from there. The conclusion of the research would be based on the answers given by the people. By using this method, the researcher could directly find out what his or her sample thinks of the situation the researcher is trying to find out. This also means that the researcher loses out in experiencing what is happening in setting because his or her results are mostly due to the samples he or she has.

The participant observation method of research means that the researcher observes what is happening in a research setting himself by participating in it. He or she will see and understand what is happening by spending time, and even interact with the targets of his research. His conclusions is based on his own opinions and experiences of the situation. I think this could produce better and more accurate results but this also means that the results are coming from a one-person experience. The survey method instead, is based on the experiences of many people.

Questionnaire

1. Please tell me about your childhood, family and school life.

2. Do you consider yourself old? At what ages (or stages) did you notice that you were getting older?

3. What is the most important historical event or period of time that you have lived through? How did it influence you personally?

4. What is the biggest change you have seen in how people conduct their everyday lives?

5. What have been the best years of your life so far? What are your plans for the future?

6. How are young people today different from when you were their age?

7. What advice would you give young people to help them prepare for their old age?

8. Have you ever experienced any negative attitudes or discrimination because of your age? Please explain.

Task II

225.00

237.00

470.00

319.00

209.00

430.00

430.00

246.00

360.00

2,926.00

475.00

277.00

241.00

447.00

430.00

211.00

425.00

347.00

339.00

3,192.00

243.00

310.00

345.00

214.00

265.00

389.00

390.00

219.00

250.00

2,625.00

489.00

257.00

475.00

259.00

493.00

278.00

390.00

287.00

388.00

3,316.00

234.00

490.00

237.00

346.00

240.00

278.00

248.00

375.00

288.00

2,736.00

460.00

478.00

350.00

326.00

459.00

220.00

289.00

399.00

299.00

3,280.00

So, in these days of Customer No-Service, it is refreshing to experience the following:

• To be offered cold drinks on a hot summer ...