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I Signed: Date Assessor’s overall comment I I Grade: Signature: Table of Contents Page Task 1. Task 2. Task 3. Task 4 Date: ; Set up a plan for collecting the primary and secondary data ; Applied methods and give reason 6 6 ; use and present diversified methods for making the sample frame 8 : Design questionnaire 15 Task 6: Calculate standard deviation 24
Task 7: Explain and analyze the relationship between the demand toward the place and reasonable price by using the correlation coefficient 26 Task 8: Produce the graphs and charts 30 Task 9: Use XX Scatter to forecast the trend line of consumption oriented 36 Task 10: Using the Microsoft Excel Office for gathering all information 38 Task 1 1: Produce a formal business report 49 Task 1 2: Use information processing tools and series of project 58 Task 13: Use the present value to calculate the effectiveness of project 62 References 63 Assessment 2 Introduction McDonald’s fast food restaurant is one of the well-known brands in the world.
With the purpose is always listening to its customers, McDonald’s determined to continuously improve its product and quality. Moreover, there are more than 34000 restaurants in 118 countries and serving nearly 69 million people every day. In 2013, McDonald’s is currently researching and preparing the plan to launch the first store in the Vietnam market.
As a R & D department, we will show them how to develop fast food in Vietnam market including product, price, promotion and place and collect the significant information that useful for making an informed decision. Task 1+2 Primary data is a data which have been created specifically for an original source. Advantage I Disadvantage I * Original source data * Easy to update * Unbiased information I * Expensive * Time consuming * Raw data ad huge data for classifying I Secondary data is a data which get information from another resource such as books, internet…
First, McDonald can direct interaction with the customer by interviewing such as stopping a group of young people or teenagers, and prepared set of questions to ask them such as: what kinds of food they want to it…. Besides, McDonald can use questionnaires online such as McDonald’s home page to let them give some advices about the place, quality of data, McDonald can have a lot of sources which already available on the website such as: ah. Com. N or diaphragmatic. Van… r they can search on the magazine immediately such as Differentiating magazine… With this source they can know exactly customer needs and requirements Source of data And this is a plan that McDonald has already established: Price Place Product Secondary data Primary data Book Web Interview Questionnaires Food newspaper Food forum website McDonald’s homepage Groups of young people Task 3 Task 3: Sampling is a process used in statistical analysis in which to determine number observations will be taken from a population.
There are 6 sampling methods: * Simple random sampling Stratified random sampling * Systematic sampling * Cluster sampling * Quota sampling * Multistage sampling To know about the loyalty customer from the competitor of McDonald in the market, R&D department decides to choose 2 methods.
Formula: n = IN+Nee Where n is the sample size N is the population size E is the margin of error With this task, R & D has to survey on the loyalty clients from competitors of McDonald’s in Viet Name market share The population of the survey: N=80 frequent customer The margin of error: e=15% Children=56 Total people 24+56=80 sample size: +En,NO / Simple random sampling R;D department choose it because the method feels fair and no bias, easy to understand, can apply it easily. Base on the result of simple size = 29, I will choose 29 people in the sample random sampling.