narrate fully the role of Quantitative technique in the field of business and industry
Answer (1)
18th Jun, 2022
Hey student,
First of all, the Quantitative techniques are very powerful medium through which we solve uncertainty in decision making and enhance projectability and efficiency in the business as these techniques which provide the decision makes a systematic and powerful means of analysis, based on quantitative data. Moreover, Quantitative research gives busy entrepreneurs the ability to collect large volumes of data quickly and efficiently, providing a generalised view of your target demographic beyond your survey participants.
Hope it helps.. Good luck..
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