Management Decisions Are Based Primarily on Quantitative Data Because the Qualitative

question 70

True/False

Management decisions are based primarily on quantitative data because the qualitative factors are usually not relevant to the decision-making process.

---

Definitions:

Customer Value Chain

A conceptual framework that outlines the series of steps a company takes to create value for the customer, from product development through to after-sales service.

Cross-Impact Matrix

A tool used to analyze and visualize the effects of one variable on another within a certain context, aiding in decision-making and scenario planning.

Marketplace Trends

Refers to the observable changes or movements in market behavior, preferences, and patterns over time.