Definition of amount - What it is, Meaning and Concept

The concept of amount has two great uses.On the one hand, it is the sum or the value of a price, a balance, a debt, etc.On the other hand, the term is a conjugation of the verb import (worth, affect, introduce foreign products or habits).

The valia , the amount or the cost of a good, therefore, are established by setting its amount.If a pants store is offered at 300 pesos , it can be said that this price ( $ 300 ) is its amount.The person who wants to buy this pants, therefore, must pay that add up.

When making a purchase, it is always important to know the amount.That will be the amount of money that must be delivered to the seller to get the good offered.Be aware of the amounts It also serves to compare the alternatives offered by different businesses.

Nowadays it is increasingly easy to open a small business, even in charge of a single person, thanks in large part to the comforts offered by the Internet.Create a store at home is perfectly possible and does not involve a large investment of money: it all starts with an idea, and then it is necessary to design an attractive portal, include a payment gateway and choose a service home delivery appropriate to our needs.However, one of the fundamental points is the determination of the amount of each product, since if this step fails jeopardizes the profitability of the business.

An amount too high can scare potential buyers, since there will always be a competitor with better deals; one that is too low can have a greater flow of transactions for a while, but a large loss of money in the long term.To choose the right amount, it is necessary to take into account all the costs added to the product, among which are the following: packaging, margins for stores, shipping costs, taxes and own benefits .

In other words, it is not about asking ourselves the question "how much could a product like this cost?" but "how much should I ask for this product to receive profits ?".list of aspects to calculate the amount may seem overwhelming at first, if we are contemplating step by step throughout the manufacture and marketing of the product everything is easier.

In the first place are the materials necessary to manufacture the product.Regardless of the strategy and criteria we use to choose them, we must always leave a record of the expenses incurred at this stage, so that impact on the decision of the amount.The time we invest in its manufacture or planning should also be a point to consider.

One of the most common mistakes when determining the amount of a product made at hand is to overlook certain seemingly secondary expenses, such as the consumption of electric light.

The idea of ​​amount as a total of money can be used in other contexts.Suppose a company requests a credit of $ 100,000 with an interest rate of 5 percent .The amount you will have to pay back once the agreed deadline is met will be $ 105,000 (the original 100,000 dollars more 5000 dollars for interest, since 5000 is the 5 percent of 100,000 ).

Amount, moreover, is linked to the action to import.For example: "I don't think you care, but today I met Luisa and we were talking for a long time" , "Due to the devaluation of our currency, each product that matters from now on will cost me more expensive" , "There is nothing that matters to me more than the welfare of my children ”.