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Related Definitions
Equilibrium Quantity If there's no shortage or surplus of a commodity, it is said to be in Equilibrium Quantity. It's also the quantity wherein supply and demand curves intersect...
Breakeven quantity Breakeven quantity is the point (the number of product units) at which the total revenue for all units sold is equal to the total cost of all units
Quantitative methods Quantitative methods refers to research methods which are concerned more with the precision and generalizability of the data being collected than their
Economic order quantity (EOQ) Economic order quantity (EOQ) compares the cost of buying an item in various quantities with the cost of carrying those its in stock, and identifies the point at which the cost of the item and the cost to store it are equal.
Quantity theory of money Quantity theory of money is the theory that nominal income is determined solely by movements in the quantity of money.
Quantitative researcher Quantitative researcher that collects and reports data primarily in numerical form.
Quantitative approach The use of quantitative techniques to improve decision making, is called quantitative approach.
Labor quantity variance Labor quantity variance is the difference between the actual hours times the standard rate and standard hours times the standard rate for labor.
Materials quantity variance Materials quantity variance is the difference between the actual quantity times the standard price and the standard quantity times the standard price for materials.
Direct labor quantity standard The direct labor quantity standard is the time that should be required to make one unit of the product. This standard is especially critical in labor-intensive companies.
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