From Longman Business Dictionarychurn1/tʃɜːntʃɜːrn/noun[uncountable]the number ofcustomerswho stop buying a service from asupplierin a particular period of time, either because they stop using the service or because they change to another supplierSYNTURNOVERISP churn rates average ...
What does churn mean in business? The churn rate, also known as therate of attrition or customer churn, is the rate at which customers stop doing business with an entity. It is most commonly expressed as the percentage of service subscribers who discontinue their subscriptions within a given t...
to agitate in order to make into butter: to churn cream. to make (butter) by the agitation of cream. to shake or agitate with violence or continued motion: The storm churned the sea. Synonyms:convulse,toss,whip to turn over and over in the mind: ...
A“good” churn rate — that is, a churn rate low enough that it won’t have major detrimental effects on your business — is hard to pinpoint. Healthy churn rates are defined by industry and market, and there’s some variety in what’s acceptable across these. ...
While the term “dropout rate” has a similar meaning, it’s typically used in educational settings to describe students leaving courses or programs. In business settings, “churn rate” is the more common term. Monique Danao, a writer forForbesspecializing in Small Business and Tech,provides ...
Definition of churn in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is churn? Meaning of churn as a legal term. What does churn mean in law?
The meaning of CHURN is a container in which cream is stirred or shaken to make butter. How to use churn in a sentence.
they need to increase the number of customers to more than the number of customers they have lost over a given time. In every industry, the churn rates are different, and that is why a particular business entity can compare its churn rate with other active firms to understand the competition...
Businesses with a smaller customer base, in particular, are prone to market fluctuations. Additionally, churn rate calculations often involve time lags due to the need for historical data, meaning that changes made to improve retention may take some time to reflect in the churn rate. ...
What Is the Meaning of Churn in Business? Churn rate in business refers to the number of customers or subscribers that leave a provider in a given time period. This is the opposite of growth rate, which shows the number of new subscribers or customers in that time frame. Churn rate can ...