Vidyalelo
Management · Q4

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 4

Q4

The qualitative approach to decision analysis relies on.

A.
Experience
B.
Judgement
C.
Intuition
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
The qualitative approach to decision analysis relies on Experience, Judgement and Intuition. Quantitative analysis is the process of collecting and evaluating measurable and verifiable data such as revenues, market share, and wages. Quantitative analysis helps in evaluating performance, assessing financial instruments, and making predictions.