Turnover represents the value of goods and services provided to customers during a specified time period. Profit is basically the revenue minus the costs incurred.

Turnover refers to how many times a company burns through assets such as cash, inventory, workers, etc. However, revenue represents the money a company earns by selling its goods and services for a price to...

Internal stakeholders or primary stakeholders are people that that engage in economic transactions with the business. External stakeholders are indirectly affected by the performance and do not engage in...

Audits are primarily classified into Internal and Statutory Audit. For conducting, internal audit, internal auditor is appointed by the management of the company, whereas for conducting statutory audit,...

Strategy is a comprehensive plan of action formulated or designed in order to achieve a particular goal. On the other hand, policy is a set of guidelines which help people to take appropriate decisions or act...