To succeed in business, one needs to know math. To what extent do you agree or disagree?

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Mathematics is a field which governs many aspects of our daily lives. It is believed by some
people
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that knowledge of
math
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plays a crucial role in achieving
business
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success. I completely agree with
this
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opinion. The main reason why I think numerical
skills
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contribute to
business
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success is that they enable
business
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people
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to arrive at sensible decisions. One application of
business
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math
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is statistics, which can provide predictions for future scenarios.
Such
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predictions can lay a firm foundation for more informed and evidence-based decisions in lieu of objective ones. Take the
business
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campaign of Bitis, a Vietnamese footwear corporation, as an example. They employed statistics to forecast the trend in the industry and carried out research and development for a new product before other competitors did.
As a result
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, they gained a competitive advantage, with their new product becoming the best seller at that time. Another reason why I consider
math
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a key factor in
business
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prosperity is that it helps determine profitability, which is the ultimate goal of a
business
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.
This
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can be done by subtracting all expenses from revenue to calculate the net profits. An understanding of the net profits helps key
people
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evaluate the effectiveness of the
business
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operation, thereby devising appropriate cash flow management strategies. Without knowledge in mathematics,
business
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owners, especially those of small businesses, would fail to realize whether their companies are doing well financially, and risk having more expenses than actual revenue. Those who overlook the importance of numerical
skills
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believe that company managers could hire accountants, obviating the need to equip themselves with
such
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skills
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. What
this
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argument fails to take into account is that if managers are ignorant of
math
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, they would be unable to check the work of the accountants. In fact, there are cases of accounting fraud, inflicting financial damage to the company. In conclusion, I totally agree that
math
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skills
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play a pivotal role in
business
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prosperity as it helps
business
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people
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make wiser decisions and determine profitability.
Therefore
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, they need to be equipped with
such
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skills
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to drive their
business
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to success.
Submitted by Thanh on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
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    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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