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Why is turnover more important than profit margin in business?
Because it shows a company's capacity to make money and expand, turnover, also known as revenue, is frequently regarded as being more important than profit margin. High turnover is a sign of a competitive market, strong consumer demand, and successful sales. While profit margin is a measure of profiRead more
Because it shows a company’s capacity to make money and expand, turnover, also known as revenue, is frequently regarded as being more important than profit margin. High turnover is a sign of a competitive market, strong consumer demand, and successful sales. While profit margin is a measure of profitability, other elements like costs and price can have an impact as well. High turnover is a crucial sign of the health and sustainability of an organization because it can result in higher revenues.
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