profit centre


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Related to profit centre: investment centre

profit centre

an organizational subunit of a firm given responsibility for minimizing COSTS and maximizing REVENUE within its limited sphere of operations. Profit centres facilitate management control by helping to ascertain a unit's performance and profitability. Profit centres are, in effect, independent business units controlled by a local manager and financed by the parent company. See also COST CENTRE, INVESTMENT CENTRE.

profit centre

an organizational subunit of a firm that is given responsibility for minimizing operating COSTS and maximizing REVENUE within its limited sphere of operations. Profit centres facilitate management control by helping to ascertain a unit's performance and profitability See also COST CENTRE, INVESTMENT CENTRE.
References in periodicals archive ?
If all councils were to adopt an aggressive growth agenda, invest in profit centres, and increase their independent earnings by x% per annum, then provided that x% exceeded the accretion rate (of y% per annum) across all profit centres, all councils would be able to aim for a balanced budget year on year.
PK) said on Friday that it anticipates strong earnings in the range of USD6m to USD9m from previous gas storage services and other new gas profit centres agreement.
The company's new profit centres will include natural gas scheduling, gas nominations, capacity releases for the release of transportation capacity on interstate natural gas pipelines, gas transmission and delivery via the interstate pipeline system to their local utility customers.