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What is Labour Turnover?
Labour Turnover:
Labour turnover considers as the movement of workers within and out of an organisation. This may be described as the time-to time changes into the number of the work force which result through the hiring, release and replacement of workers.
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It allocates costs based on the price elasticity of demand. Yet higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.
explain the way of classify the manages
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