Business Decision Factors

Name:

Date:

📊 Part 1: Identifying Decision Factors

1. Which of these is a quantitative factor in business decisions?

Staff morale

Company reputation

Expected profit of £50,000

Customer satisfaction

2. A business is deciding whether to relocate. Which factors should they consider? (Select all that apply)

Cost of new premises

Distance from customers

Impact on employee commute

Local competition

3. What type of factor is "environmental impact" when making business decisions?

Financial factor

Ethical factor

Legal factor

Operational factor

4. Short-term factors focus on results within _________ whilst long-term factors consider impacts over _________.

Fill in the blanks with appropriate time periods.

💭 Part 2: Applying Decision Factors

5. TechStart Ltd is deciding whether to launch a new smartphone app. List three quantitative factors they should consider:

6. Explain why qualitative factors can be just as important as quantitative factors in business decisions:

7. GreenCafe is choosing between two suppliers. Supplier A costs £2,000 less per year but has poor environmental practices. Supplier B is more expensive but uses sustainable methods.

a) What is the main conflict between factors here?

b) What additional information would help GreenCafe make this decision?

8. Extension Activity: Choose a recent business decision from the news. Analyse the key factors that influenced this decision, categorising them as quantitative/qualitative and short-term/long-term: