Question

Advantages of quantitative approach of decision making

Answer 1

Answer:

refer to the attachmemt

Answer 2

The advantages of the Quantitative approach to decision making are:

• Practical- Numbers seem more practical and are easy to apply.
• Measureable- Numbers are measurable which makes it easy and precise to take a decision.
• Easy to set standards- With numbers, it becomes easy to set standards and track the deviation if occurred.
• Clarity: Quantity is more than quality as quality is mostly subjective in nature.