A. trade gap
B. turnover
C. reserves
D. referendum
✅ The correct answer is option B.
The term which refers to the total amount of sales made by a firm in one year or the total amount of money changing hands in business, is turnover. Sales turnover represents the value of total sales provided to customers during a specified time period, which is usually one year. The amount includes only revenue that is generated from daily operations, not non-operating revenue.
The term which refers to the total amount of sales made by a firm in one year or the total amount of money changing hands in business, is turnover. Sales turnover represents the value of total sales provided to customers during a specified time period, which is usually one year. The amount includes only revenue that is generated from daily operations, not non-operating revenue.