Business Analysis

[A]t the close of the Middle Ages, when the so-called Arabic figures became established throughout Europe with the symbol 0 and the principle of local value, immediate progress was made in the art of reckoning. The problems... led up to the general solutions of equations of the third and fourth degree by the Italian mathematicians of the sixteenth century. Yet even these discoveries were made in somewhat the same manner as problems in mental arithmetic are now solved in common schools; for the present signs of plus, minus, and equality, the radical and exponential signs, and especially the systematic use of letters for denoting general quantities in algebra, had not yet become universal. The last step was definitively due to... Vieta... and the mighty advancement of analysis resulting therefrom can hardly be measured or imagined.

The terms synthesis and analysis are used in mathematics in a more special sense than in logic. In ancient mathematics they had a different meaning from what they now have. The oldest definition of mathematical analysis as opposed to synthesis is that given in Euclid, XIII. 5, which in all probability was framed by Eudoxus: "Analysis is the obtaining of the thing sought by assuming it and so reasoning up to an admitted truth; synthesis is the obtaining of the thing sought by reasoning up to the inference and proof of it."

In business affairs, it is the manner in which even small matters are transacted that often decides man for or against you.