Question

if a manager measures which location has the most traffic and includes that information in a model to predict store profits by location, which management perspective is she using

Answer 1

if a manager measures which location has the most traffic and includes that information in a model to predict store profits by location, she is using Quantitative management perspective.

The quantitative method applies statistics, optimization models, information models, computer simulations, and other quantitative tools to the management process. The core of the quantitative approach is the notion that organizations are units of decision-making.

The development of mathematical and statistical models to represent a system, process, or relationship simply using models, equations, and formulas is the main focus of this branch of management theory. These methods aid managers in maximizing the production of goods and services using organizational resources.

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