turnaround time

turnaround time definition - business

turnaround time

The time required to complete an assignment or job. For example, an airline attempts to minimize the turnaround time required to get a plane back in service after a completed flight. A short turnaround time results in more trips and greater revenue.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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