Question
Distinguish between quantitative and qualitative factors in decision making.
Step 1
Quantitative factors are measurable and can be expressed in numerical terms, such as cost, revenue, or production output. Qualitative factors, on the other hand, are descriptive and cannot be easily measured, such as brand reputation, customer satisfaction, or Show more…
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differentiate between qualitative and quantitative
Explain the difference between qualitative and quantitative variables. Give an example of qualitative and quantitative variables.
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