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Why is it important for a business owner to know math?

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Why is it important for a business person to know how to add, subtract, multiply, and divide; also, why is it important for us to be able to conceptualize business problems as equations?

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Solution Summary

This solution discusses the reasons that math is important for the business person to know and how to use equations every day in 274 words.

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The ability to add, subtract, multiply, and divide is very important for the business person to understand all facets of the business. In the operations it is necessary to be able to conduct evaluations of units produced in specific time periods and with amount of resources. For pricing it is necessary to be able to calculate the amount of the resources and time for labor so that the price is ...

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