Give examples of the types of "qualitative and quantitative factors" that affect the business environment.© BrainMass Inc. brainmass.com June 3, 2020, 10:56 pm ad1c9bdddf
The factors that affect the business environment are many and these include both qualitative and quantitative. Quantitative factors are those that can be quantified with numbers. They can be tested against other variables to see if there are patterns or to prove a hypothesis. Qualitative factors are those that are observable and include feelings and how the persons involved react to their environment.
Quantitative factors include sales figures since these can be compared from day to day or from one point in time to another. Economic numbers from rates of interest to consumer favor, industry gains and losses and the comparisons on stocks sales, markets, and bond issues. Any ...
Examples of qualitative factors and quantitative factors in business environments.