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There is a word turnover which is frequently used in business language What is the exact meaning of it?

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  • Is there any reason simply looking this up in the dictionary doesn't answer your question? As it stands, this may be closed for being too basic. Look at meanings 2 and 3 here.
    – DCShannon
    Commented May 8, 2015 at 21:15

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In a business context, it's often used to refer to the "the rate at which employees leave a workforce and are replaced."

So if a company has high turnover, it means that its employees quit their jobs often, causing the company to increase hiring.

Google suggested another definition, "the amount of money taken by a business in a particular period," a.k.a. the gross revenue. I'm more accustomed to the former usage of the word than this one, but context will reveal what the author intended.

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  • With no qualifier (like "employee turnover"), I'd assume the 2nd definition. I believe the assumption is that most of the revenue is used (turned over) to buy fresh inventory.
    – The Photon
    Commented May 8, 2015 at 20:57

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