Question

In: Economics

present an example of a quantitative factor of growth and an example of a qualitative factor.

present an example of a quantitative factor of growth and an example of a qualitative factor.

Solutions

Expert Solution

Quantitative components are mathematical results from a choice that can be estimated. These variables are regularly included for different monetary investigations, which are then used to assess a situation. Managers are commonly instructed to depend on quantitative variables as an enormous aspect of their cycles of decision making.

Examples

  • Direct work hours: An adjustment in the number of work hours needed to finish an errand if automation is utilized.
  • Direct materials cost An adjustment in the per-unit cost of materials if a purchase is submitted in a bigger request volume.
  • Interest cost: The measure of the extra cost that will be brought about if a loan is utilized to purchase a fixed resource, instead of selling stock.
  • Item returns: The expense of the item restores that will happen if the choice is made to utilize lower-quality materials in the development of an item.

Qualitative factors are choice results that can't be measured.

Examples:

  • Morale: The effect on worker confidence in adding a lounge to the production territory.
  • Clients: The effect on client assessments of a business if a venture is made in noting their calls in less time by including client care staff.
  • Investors: The effect on financial Investors of directing a street show to meet whatever number of them as could reasonably be expected.
  • Network: The effect on the community of permitting representatives to put in a couple of long stretches of paid time helping with network ventures.
  • Items: It might be conceivable to utilize to some degree less expensive segments in items. Nonetheless, if this is done excessively, it might make a general impression of diminished quality, which may lead clients to purchase fewer items.

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