ECONOMICS

Detailed explanation-1: -Revenue is the money companies earn by selling their products and services, while turnover refers to the number of times businesses make assets or burn through them. Thus, revenue affects a company’s profitability, while turnover affects its efficiency.

Detailed explanation-2: -Turnover is that Revenue refers to the income generated by any business entity by selling its goods or by providing its services during the normal course of its operations, whereas, Turnover refers to the number of times the company earns Revenue using the assets it has purchased or generated in the business.

Detailed explanation-3: -Turnover is the total sales made by a business in a certain period. It’s sometimes referred to as ‘gross revenue’ or ‘income’. This is different to profit, which is a measure of earnings.

Detailed explanation-4: -Revenue is the money a company earns by selling its products and services, whereas turnover is the number of times a company creates or burns through assets. Thus, revenue has an impact on a company’s profitability, but turnover has an impact on its efficiency.