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Turnover is the number of times that an average inventory of goods is sold during a fiscal year or some designated period. Care must be taken to ensure that the average inventory and net sales are both reduced to the same denominator; that is, divide inventory at cost into sales at cost or divide inventory at selling price into sales at selling price. Do not mix cost price with selling price. The turnover, when accurately computed, is one measure of the efficiency of a business.

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5 Easy Ways to Increase Your Business Using a Toll-Free Number
By Katherine Hansen
Toll-free numbers allow customers to contact your without them having to pay for their call. Studies have shown that consumers are more likely to call a with a toll-free number than those who only have a long-distance number, and 90% of Americans say that they use toll-free numbers. By following these five easy steps, you can discover for yourself how a toll-number can help your grow.

1. Expand your market. Toll-free numbers allow you to use the same number for receiving local toll and state-to-state calls. This gives you the opportunity to market your nationwide. Even if you don't provide service in certain areas, toll-free numbers have the flexibility to block calls from those areas.

2. Advertise your number. Toll-free numbers lend an air of legitimacy and professionalism to your business. By using a toll-free number, your may appear larger and more established to the consumer which will make him/her trust you

more.

3. Initiate a direct response mechanism for impulse buyers. By allowing your customers an avenue to immediately react to your company's efforts calling for their action, this prompts significant increases in phone orders. It has been found that these buyers generally order more merchandise and higher ticket items nearly every time they call.

4. Qualify your buyers. Toll-free numbers enable your to use time more efficiently and effectively. With a toll-free number, you know that someone who has called your is already interested in what you have to offer. You spend less time trying to find interested prospects and let the number find them for you.

5. Analyze your call detail. Toll-free numbers allow you to track calls and access all of a call's details such as the number, time, date and duration of every call. This information cannot be blocked and is an excellent tool for generating leads which can lead to more sales.
Don't miss the opportunity to find out a lot more about telecommunications,