In the IDM basic steps framework, when quantitative analysis may consist of
A)Product quality, timeliness, the stress factor, streamlining, ease of use, overall satisfaction
B)Creative solutions and brainstorming techniques
C)Cost-benefit analysis, cost-volume-profit analysis, capital budgeting
D)Make certain you have identified and are addressing the core issue rather than a symptom

Question

Quizplus · Accepted Answer

Quantitative analysis in the IDM basic steps framework may consist of cost-benefit analysis, cost-volume-profit analysis, and capital budgeting. This type of analysis focuses on the financial aspect of the problem, which is crucial in decision-making processes. Product quality, timeliness, stress factor, streamlining, ease of use, and overall satisfaction are more qualitative factors and can be analyzed through other methods. It is also important to identify and address the core issue rather than a symptom, but this is not considered quantitative analysis. Creative solutions and brainstorming techniques are part of the ideation step of the framework, which is not related to quantitative analysis.

In the IDM Basic Steps Framework, When Quantitative Analysis May