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The following properties are available when creating or editing a volume discount object:
Minimum amount  | 
Sets the minimum amount of ordered items to which the current volume discount applies.  | 
Discount value  | 
Here you can specify a discount for the given volume (as set in the Minimum amount property). You can choose to apply either a relative or absolute discount using the respective radio buttons.  | 
More resources concerning volume discounts can be found in E-commerce Guide -> Managing your store -> Discounts -> Volume discounts.
Further information about products can be found in E-commerce Guide -> Managing your store -> Products.