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Business mathematics information


Business mathematics are mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis.[1]

Mathematics typically used in commerce includes elementary arithmetic, elementary algebra, statistics and probability. For some management problems, more advanced mathematics - calculus, matrix algebra, and linear programming - may be applied.

  1. ^ J. Olivier (2021). Business Math: A Step-by-Step Handbook. Lyryx Learning (open textbook)

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