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
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What primarily drives turnover in retail businesses?
Efficiency of operations
Consumer demand and purchasing behavior
Volume of goods sold to retailers
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Which type of business tends to have relatively stable turnover?
Retail businesses
Service-based businesses
Manufacturing businesses
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What drives turnover in e-commerce businesses?
Size of the customer base
Online visibility
Efficiency of operations
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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
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Name one factor that can significantly influence turnover in service-based businesses.
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Explain how online visibility can impact turnover in e-commerce businesses.
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