Zoho Bookings & SalesIQ Alignment

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Quantity

Meaning :

Quantity refers to the measurable number or amount of a product, asset, or resource. It tells you "how much" of something exists, whether in units, kilograms, liters, shares, or lots.


Example : 

For instance, buying 100 shares of a company in the stock market is an  example of quantity.


How to Understand : 

Quantity is simply the amount you have or need.
In business, it helps keep track of stock levels.
In trading, it decides how many shares you want to buy or sell.
In production, it determines how many raw materials are needed.
Quantity is the basis for all calculations and planning.


Importance :

Quantity helps businesses manage their inventory effectively.
It allows for accurate cost calculations and demand planning.
It enables precise execution of trades in financial markets.
Digital systems now allow for real-time tracking of quantities, improving decision- making.