What Are the Different Types of Qualitative Factors?

Qualitative factors are one of the factors that increase costs. It is the symmetry of the "quantitative factor". Refers to cost factors that cannot be quantified or are difficult to quantify. For example, the cost consciousness of the organization personnel is not high; the management system is not perfect; the leadership does not pay enough attention, etc. are all factors that increase costs, and how much cost can be wasted or lost due to these factors? They are often not quantifiable, so these factors are generally qualitative.

Qualitative factors

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Qualitative factors are one of the factors that increase costs. It is the symmetry of the "quantitative factor". Refers to cost factors that cannot be quantified or are difficult to quantify. For example, the cost consciousness of the organization personnel is not high; the management system is not perfect; the leadership does not pay enough attention, etc. are all factors that increase costs, and how much cost can be wasted or lost due to these factors? They are often not quantifiable, so these factors are generally qualitative.

definition

Qualitative factors are one of the factors that increase costs. It is the symmetry of the "quantitative factor". Refers to cost factors that cannot be quantified or are difficult to quantify. For example, the cost consciousness of the organization personnel is not high; the management system is not perfect; the leadership does not pay enough attention, etc. are all factors that increase costs, and how much cost can be wasted or lost due to these factors? They are often not quantifiable, so these factors are generally qualitative.

Qualitative factors generally have a larger impact, so there are more waste or loss costs. However, the results due to qualitative factors are generally hidden costs, which are often ignored by managers.