Question detail
CraftCrate serves repeat customers while raising prices; the case evidence includes unit contribution of ?2,122, sales of 692 units, and a 27% change in costs or demand. Which option best applies Use quantitative data to support, inform and justify business decisions?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
Quantitative skills in business
Question
- A. Use quantitative, data, support, justify to judge supplier lead time, owners impact, and the business objective in Interpretation requirements.
- B. Give only a definition of Quantitative skills in business without using the case evidence.
- C. Treat margin and markup as identical and ignore the effect on owners.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use quantitative, data, support, justify to judge supplier lead time, owners impact, and the business objective in Interpretation requirements.
Explanation
The option is correct because Use quantitative, data, support, justify to judge supplier lead time, owners impact, and the business objective in Interpretation requirements. The case evidence gives ?3,622, 692 units, and 27%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse margin and markup, miss the owners, or ignore the business objective.
Common mistake
Interpretation requirements common mistake 1
Giving a vague answer instead of directly addressing: Use quantitative data to support, inform and justify business decisions..
Answer by clearly explaining how to use quantitative data to support, inform and justify business decisions..
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