passwella.
Menu

JAMB Commerce 1997 Question 19

Question 19

Business Calculations

The turnover of a firm may be affected by

  1. A.the demand for its product
  2. B.the cost of its goods sold
  3. C.its closing stock
  4. D.its net assets.
Show the answer and explanation

Answer: A (the demand for its product)

Explanation

Turnover is the value of sales, which depends on how much customers demand the product.