Quantitative analysis is the scientific approach

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Quantitative analysis is the scientific approach to managerial decision-making. An example of this would be to determine the outcome if the company raised their prices and if sales would decrease. What would be the overall profit margin? Qualitative analysis takes it to the next level to dig deeper into what does the future hold and determine what the next strategy is. Angle meaning where should the company go now in order to increase the sales. Example of this would be to compare similar products with other companies to determine estimated future growth.

Reference no: EM132205406

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