Turnover for Dummies
noun
pronunciation: 'tɜrn,oʊvərWhat does Turnover really mean?
Hey there, my student friend! I heard you're curious about the word "turnover." Well, let me bring in my friendly teaching style to help you understand this word in the easiest way possible!
So, imagine you have a tray full of freshly baked, delicious chocolate chip cookies. Yum! Now, imagine you are taking one cookie from the top of the tray and putting it at the very bottom. What just happened? That's right, my young explorer! You've just experienced a turnover.
In simple terms, "turnover" means the act of moving something from one place to another, specifically when you flip it or reverse its position. Just like you did with that cookie in the tray! And guess what? In the world of business and economics, "turnover" also has a special meaning.
When we talk about turnover in a business sense, we're referring to the total amount of money that a company makes from selling its products or services within a specific period of time. It's like calculating how many cookies a bakery sells in a day or a week. The more cookies they sell, the higher the turnover!
But wait, there's more! Turnover can also refer to the number of employees who leave a company and need to be replaced. It's like a revolving door of employees coming and going. You could think of it as the number of people who finish eating their cookies and leave the bakery, and then the bakery needs to hire new bakers to keep up with the demand for fresh cookies!
Now, my marvelous student, let's recap! "Turnover" can mean flipping or reversing something, like moving a cookie from the top to the bottom of a tray. In a business context, it refers to the total amount of money a company earns by selling its products or services in a specific period. Additionally, it can also signify the number of employees who leave a company and need to be replaced.
I hope this explanation helps you understand the word "turnover" in an easy and fun way. Keep exploring and asking questions, my inquisitive student!
So, imagine you have a tray full of freshly baked, delicious chocolate chip cookies. Yum! Now, imagine you are taking one cookie from the top of the tray and putting it at the very bottom. What just happened? That's right, my young explorer! You've just experienced a turnover.
In simple terms, "turnover" means the act of moving something from one place to another, specifically when you flip it or reverse its position. Just like you did with that cookie in the tray! And guess what? In the world of business and economics, "turnover" also has a special meaning.
When we talk about turnover in a business sense, we're referring to the total amount of money that a company makes from selling its products or services within a specific period of time. It's like calculating how many cookies a bakery sells in a day or a week. The more cookies they sell, the higher the turnover!
But wait, there's more! Turnover can also refer to the number of employees who leave a company and need to be replaced. It's like a revolving door of employees coming and going. You could think of it as the number of people who finish eating their cookies and leave the bakery, and then the bakery needs to hire new bakers to keep up with the demand for fresh cookies!
Now, my marvelous student, let's recap! "Turnover" can mean flipping or reversing something, like moving a cookie from the top to the bottom of a tray. In a business context, it refers to the total amount of money a company earns by selling its products or services in a specific period. Additionally, it can also signify the number of employees who leave a company and need to be replaced.
I hope this explanation helps you understand the word "turnover" in an easy and fun way. Keep exploring and asking questions, my inquisitive student!
Revised and Fact checked by Sophia Wright on 2023-10-28 23:12:48
Turnover In a sentece
Learn how to use Turnover inside a sentece
- When a bakery sells 50 loaves of bread in one day, we can say that the bakery had a high turnover of bread.
- A library had a turnover of 200 books last month, which means that 200 books were borrowed and returned within that time.
- A toy store with a turnover of 100 toys per week means that they sell 100 toys and bring in new ones to replace them every week.
- At a busy restaurant, the turnover of tables is high because many people come in to eat, finish their meal, and leave quickly.
- A supermarket with a turnover of $500,000 in a month means that they sold products worth $500,000 during that time.
Turnover Synonyms
Words that can be interchanged for the original word in the same context.
Turnover Hypernyms
Words that are more generic than the original word.
Turnover Hyponyms
Words that are more specific than the original word.