Business Decision Making
Introduction
Every business entity determines various strategies in order to take different management decisions with an appropriate manner. The is because an efficient decision-making process ensures the success of organization. By taking different strategic decisions with an appropriate manner, management can improve operational capabilities and efficiency of business entity with reference to short and long term business goals. It also supports management for selection of best alternative from various option as per the distinct business requirement. The present report is carried out detail evaluation of different case studies and business scenarios and develops appropriate strategies to generate appropriate outcomes.
Evaluation of Data
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Contd... Net income generated by 5 branches of company 130 240
140
180 160
London Manchester Edinburgh Cardif Liverpool
Contd.. Advertising Costs and Sales Data of 2002 – 2015:
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Scatter Plots
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Trend lines
Contd...
Conclusion
As per the above evaluation, it can be concluded that business decision making is identified as a most crucial aspect of business management which is having significant impact on the growth and profitability of business entity. As per the above charts and diagram, it is evaluated that the sales performance of Clothing Company is showing positive trends and generating attractive outcomes. There has been several factor identified that have played important role in the success and growth of business. It includes change in lifestyle of people, market trends and business environment that are considered as key drivers of increased demand of the imported products and services so as company acquires wide range of clothing products from all over the world that leads positive impact on the sales and business performance of clothing company.
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