Introduction to Quantitative Methods

Unit reference
Y/615/7465
Guided learning hours
75
Level
4
Credits
15

Unit purpose and aim(s)

Quantitative skills are recognised as indispensable for aspiring managers and entrepreneurs. The focus of the Quantitative Methods syllabus is to:

  • Develop quantitative thinking and skills
  • Develop skills in gathering and computing numbers
  • Cultivate the ability to present, interpret and communicate quantitative results for managerial decision making 
  • Build a robust quantitative foundation for other business units

Quantitative skills built at this level will help you to apply a number of concepts in other core areas of business management – marketing, accounting, finance and human resource management. Many decisions in these areas require quantitative skills, for example, calculating the sales volume for recovering costs, determining the price of a new product, estimating demand for the product, measuring the overall performance of the business.

This unit is assessed by traditional timed exam - read more.

Qualifications for this unit

ABE Level 4 Diploma in Business Management and Marketing

ABE Level 4 Diploma in Business Management and Human Resources

ABE Level 4 Diploma in Business Management

Qualifications for this unit