Variation in turnover in different types of business. - SS2 Commerce Past Questions and Answers - page 1
Which type of business is more likely to experience higher turnover?
Service-based businesses
Retail businesses
Manufacturing businesses
What primarily drives turnover in retail businesses?
Efficiency of operations
Consumer demand and purchasing behavior
Volume of goods sold to retailers
Which type of business tends to have relatively stable turnover?
Retail businesses
Service-based businesses
Manufacturing businesses
What drives turnover in e-commerce businesses?
Size of the customer base
Online visibility
Efficiency of operations
What plays a significant role in determining turnover in wholesale businesses?
Volume of goods sold to retailers
Consumer demand and purchasing behavior
Provision of services
Name one factor that can significantly influence turnover in service-based businesses.
Customer demand
Explain how online visibility can impact turnover in e-commerce businesses.
Online visibility refers to the visibility and presence of an e-commerce business on the internet. Higher online visibility can attract more potential customers, increase website traffic, and potentially lead to higher turnover.