What are the Benefits of Business Turnover?

[Suba]

In running any business, turnover is one of the factors that business people want to know. Turnover is also known as operating revenue, which is the total money obtained from product sales or receipts from services during a certain period, which can be in daily, weekly, monthly or annual amounts. Turnover will always have an impact on profits, turnover is also often used as a reference or benchmark for business performance. So you think. are there any benefits to business turnover?

 

[Fidelia]

A business turn over is important to measure the effectiveness of sales drive and possibly very important in adjusting the setting the prices of products. A lower than expected turn over might be a rationale for an upward price review.

 

[Starmix]

Having a good business turnover is an indication of a business' quality services. The customers are satisfied.

 

[Augusta]

With high business turnover it shows you are having high sales and profit too. So we needs it.

 

[Starmix]

With high business turnover it shows you are having high sales and profit too. So we needs it.

Agree mate, that's a very good indication that the business is doing well. It's a pleasure for the business owner.

 

[Augusta]

Agree mate, that's a very good indication that the business is doing well. It's a pleasure for the business owner.

That's right when you have high turnover you would know that people love your products and services

 

[Starmix]

That's right when you have high turnover you would know that people love your products and services

Yes people like the services and the qualities of their products. That's a clear indication of customer retention.