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Mathematics in Business

Discuss the importance for the business person to be able 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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In about every area of business, one will encounter mathematics. From accounting (the 'language' of business) to budgets, to projections, to financial ratios, to marketing statistics, to break even analysis; math abounds. Essentially, business is comprised almost entirely in numbers, and the manipulation of these numbers (mathematics) is key to understanding the ...

Solution Summary

The solution describes the importance of mathematical ability in modern day business people.

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