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.