Business Dictionary :
Quango, Quantify, Quantifiable and Quantity
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Quango : noun : official body set up by a government to investigate or deal with a special problem
Quantify : verb : to quantify the effect of something = to show the effect of something in figures
• It is impossible to quantify the effect of the new legislation on our turnover.
Quantifiable : adjective : something which can be quantified
• The effect of the change in the discount structure is not quantifiable.
Quantity : noun :
(a) amount or number of items
• A small quantity of illegal drugs
• He bought a large quantity of spare parts.
(b) large amount
• The company offers a discount for quantity purchase.
Quantity Discount = discount given to a customer who buys large quantities of goods
To carry out a quantity survey = to estimate the amount of materials and the cost of the labour required for a construction project
Quantity Surveyor = person who carries out a quantity survey
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