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turnover
(redirected from employee turnover)

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turnover

In finance, the value of sales of a business organization over a period of time. For example, if a shop sells 10,000 items in a week at an average price of £2 each, then its weekly turnover is £20,000. The profit of a company is not only affected by the total turnover but also by the rate of turnover. For turnover of staff, see labour turnover.



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