Quiz: Qualitative Methods - Intuition
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about sales forecasting, let's test your understanding of qualitative methods, particularly intuition, and how it applies to business decision-making!
What does intuition mean in the context of business decision-making?
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Which of the following situations might benefit from using intuition? (Select all that apply)
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Intuition often relies on a manager's {{blank0}} of the market, rather than hard data.
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Match the items on the left with their correct pairs on the right
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What is one advantage of using intuition in decision-making?
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Intuition is often criticised because it can be {{blank0}} and based on limited {{blank1}}.
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When might intuition NOT be the best approach for decision-making?
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What are some risks of relying too heavily on intuition? (Select all that apply)
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