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How can equations and inequalities help a business maximize profit?
Wiki User
∙ 11y ago
it depends on what kind of business you are running.
Wiki User
∙ 11y ago
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Do equations help a business maximize profit?
It all depends on what the organization is doing, but calc. money and taxes then yes it is quite helpful and will give you a financial gain
How are linear equations used in business?
liner equations can b used in business for getting the rough estimate of the profit or loss using a variable in the place of a quantity which is unknown.
Why we study calculus need use?
Companies have profit functions that depend on the quantity of a product they produce. Using calculus, we can figure out how to maximize profit.
What is uses of statistics in business organization?
easier for calculate profit
Use the word considerable in a sentence?
This business can give considerable profit
How can equations and inequalities help a business maximize profit or minimize costs?
Equations and inequalities help maximize profit in a business by simultaneously optimizing the growth and profitability.
What are the main functions in a business?
to maximize profit.
Do equations help a business maximize profit?
It all depends on what the organization is doing, but calc. money and taxes then yes it is quite helpful and will give you a financial gain
What are the different uses of quadratic equations in science technology and real life?
Quadratic equations can be used in many real world situations, particularly in the fields of business, engineering, and science. They can be used to help predict how much a business will earn or lose and thus allow that business to figure out how to maximize its profit. Kayakers also use these equations to determinate their speed while traveling up or down a river.
How are linear equations used in business?
liner equations can b used in business for getting the rough estimate of the profit or loss using a variable in the place of a quantity which is unknown.
What does a monopolist competition do to maximize its profit?
If a company or organisation is a monopoly it has no competition. Therefore it can do anything it wishes to maximize its profit
Do you agree with Milton Friedman that the only responsibility of business is to maximize profit?
Apart from maximizing profit, the business community has social obligations to fulfill along with generating employment, thus accelerating the progress of the national economy.
What are the best business phones and why?
Black berry phones or android, because it will have apps that can help you organize and control your business from any place on the world to maximize profit.
Explain why producers have to have the profit motive?
Every producer must make a profit in order to remain in business. Without profits, businesses disappear.
What are the advantages of diversification?
to maximize the profit
What is the Importance of accounting informationfor a business entity?
accounting information allows a business entity to be able to ascertain its total income and its total expenditure and to be able to know if it is making a profit or loss as the prior motive of any organization or business entity is to maximize profit
What best describes the goal of the firm?
To maximize profit by spreading business activities vis a vis adhering to corporate social responsibility.
