MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a quantitative measurement that can be used to determine whether a business is a small business?
A
Legal structure
B
Sources of finance
C
Type of ownership
D
Number of employees
Explanation: 

Detailed explanation-1: -Quantitative metrics are a set of measurements that objectively evaluate your product or company’s performance. They give you numerical data that you can look at and use to make better data-driven decisions.

Detailed explanation-2: -Quantitative data is the type of data whose value is measured in the form of numbers or counts, with a unique numerical value associated with each data set. Also known as numerical data, quantitative data further describes numeric variables (e.g. How many?

Detailed explanation-3: -With quantitative data, we are able to compute summary measures of the variable, such as their mean, median, or mode . This gives us a concise way to understand the variable being measured, such as the median age of workers in an industry.

There is 1 question to complete.