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Business mathematics is math used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis. Mathematics typically used in commerce includes elementary arithmetic, elementary algebra, statistics and probability. Business management can be made more effective in some cases by use of more advanced mathematics such as calculus, matrix algebra and linear programming. ~Adapted from Wikipedia

Most routine math calculations in business are now performed by digital computing devices. Does this mean that mathematical skills are less important or less valued than in the past? Definitely not—the mathematics and statistics you master as part of your lifelong learning program will let you see abstract ideas more clearly and provide a means for putting them to work in a way that baffles those with no appreciation for mathematics.



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David L. Heiserman, Editor

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Revised: June 06, 2015