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Differentiate Qualitative and Quantitative Data

question 13

Essay

Differentiate qualitative and quantitative data. Give two examples of each and discuss their purpose and how they assist an organisation's social media strategy.


Definitions:

Budget Constraint

The limitation that the cost of a consumer’s consumption bundle cannot exceed the consumer’s income.

Utility-Maximizing

A principle in economics where individuals or firms aim to achieve the highest level of satisfaction or utility from their actions under certain constraints.

Peanut Butter

A food paste or spread made from ground, dry-roasted peanuts, often containing additional ingredients that modify the taste or texture.

Ice Cream

A sweet, frozen dessert made from cream or milk and flavors, often churned and frozen to a soft consistency.

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