An increase in the volume of sales is also an increase in

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.