Crimsom Corp.,an electronics manufacturer in Mallowdeer,plans to enter a foreign market.It wants to establish its new office in Ostview.Which of the following is a qualitative factor that Crimsom Corp.should consider while choosing the new office location?

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Quizplus · Accepted Answer

Qualitative factors refer to subjective considerations that cannot be quantified. Company strategy would be a qualitative factor that Crimsom Corp. should consider when choosing the new office location, as it needs to align with the company's long-term goals and objectives. Tariff and nontariff barriers, transportation costs, and exchange rates are examples of quantitative factors, as they can be measured and analyzed numerically.