In dealing with business models,managers need to consider only quantitative data while making decisions in practice.

Question

Quizplus · Accepted Answer

Managers need to consider both quantitative and qualitative data while making decisions related to business models. Quantitative data can provide information about the financial aspects of the model, while qualitative data can provide insights into customer behavior, industry trends, and other factors that can impact the success of the model. Ignoring qualitative data can lead to a narrow perspective and potentially flawed decisions.

In Dealing with Business Models,managers Need to Consider Only Quantitative