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history and relevence of quantitative technique in business management
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Quantitative approaches to management incorporates math. The mathematical equations provide hard numbers with which to manage a business and make objective decisions.
operations management
Quantitative Techniques in Business solved question
In business, quantitative methods help the management and the decision makers to have quantifiable estimates of certain decisions. For example, a business can estimate the effect of doubling capital input or borrowing certain loans.
What is the role of quantitative technique in business?
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The goal of activity-based management is to identify and evaluate activities that a business does using special tools to analyze and improve the operations in an organization.
The quantitative technique in business is used to analyze quantitative data to enable the professionals make well informed decisions.
No, a business report is a summary of activity or numbers (statistics) from the level of management at which the activity takes place to a management level above it. The format of a business report is determined by the information that the recipient level needs to monitor the activity, evaluate, and make decisions for future activity. A business report compiled by a personnel manager, a purchasing department, a product development team, or inventory management would have vastly different information to report and the format of the reports would differ also.