There Are Two Main Factors That Determine Whether a Quantitative

question 138

Multiple Choice

There are two main factors that determine whether a quantitative model or qualitative model is a better choice.Which of the following is one of these factors?

• A)the estimates of the demand for labour
• B)the long-term environmental forecasts of labour
• C)the short-term environmental forecasts of labour
• D)the volume and complexity of the data available

---

Definitions:

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers will pay for a new product or service, then gradually lowers the price to attract more price-sensitive consumers.