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Business Mathematics: As per Choice Based Credit System (CBCS) Syllabus - Textbook for Students of B.Com (Hons.)

Business Mathematics: As per Choice Based Credit System (CBCS) Syllabus - Textbook for Students of B.Com (Hons.)

          
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About the Book

Mathematics, as a collection of application tools, plays a vital role in business, economics and the financial world. Successful business people are quick in taking apt and informed decisions by applying mathematical tools in complex decision-making situations. They appreciate the needs of their customers and decide what to produce and sell and in what quantities. Business organisations use such mathematical tools as matrices, calculus and linear programming in accounting, inventory management, marketing, sales forecasting and financial analysis. Specifically, the book focuses on application of these mathematical tools in decision-making situations that are related to business, economics and finance. ● Business: The decisions pertaining to investments and returns, inter-company holdings and profit-sharing, determination of sales and profits, cost determination and allocation, production capacity utilisation, determination of selling prices and commission, product requirement and usage, transportation capacity and determination of rates and, above all, optimisation of sales mix production system have all been resolved by applying these mathematical tools. ● Economics: The issues pertaining to determination of equilibrium prices, elasticity of demand and supply, equilibrium level of income, demand, production, cost and revenue, consumer and producer surplus, utility functions and indifference curves have been resolved by applying these mathematical tools. ● Finance: The determination of effective rates of interest, equated time of payment, annuities, depreciation rates, amortization of loans, valuation of bonds and maintenance of sinking fund are some of the issues that have been addressed through the use of such mathematical tools. There are a large number of textbooks on business mathematics. Nevertheless, we thought it necessary to complement them by a course-oriented textbook with focus on business applications for the students pursuing B.Com (Hons.) semester/CBCS


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Product Details
  • ISBN-13: 9789390851881
  • Publisher: Sultan Chand & Sons (P) Ltd
  • Binding: UnknownBinding
  • Height: 47 mm
  • No of Pages: 752
  • Width: 1549.999 mm
  • ISBN-10: 9390851882
  • Publisher Date: 10 May 2022
  • Edition: 2022
  • Language: English
  • Weight: 253.999 gr


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Business Mathematics: As per Choice Based Credit System (CBCS) Syllabus - Textbook for Students of B.Com (Hons.)
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Business Mathematics: As per Choice Based Credit System (CBCS) Syllabus - Textbook for Students of B.Com (Hons.)
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