An increase in the volume of sales is also an increase in
Answer Details
An increase in the volume of sales is an increase in turnover. Turnover is the total amount of money a business generates from selling its goods or services over a specific period. When a business sells more goods or services, its turnover increases. This means that the business has generated more revenue, but it does not necessarily mean that the business has made a profit. Profit is the difference between the revenue generated from sales and the costs incurred to produce or provide those goods or services.