matrix

/ˈmeɪtrɪks/ noun [C] (plural matrixes or matrices)

Definition

› a group of numbers or other things arranged in a rectangle that can be used to solve a problem or measure something: The bottom row of the matrix indicates typical lead times for starting activities in order to complete the stage by the date scheduled. They use a matrix which classifies the company's product or service on one axis from A to E.

› a set of related things that affect the way something develops or changes: The modern matrix of cultural management includes buzzwords like 'access' and 'empowerment'.

→ See also Ansoff matrix, Boston Matrix, salary matrix

(Definition of matrix noun from the Cambridge Business English Dictionary © Cambridge University Press)