Cost centre financial definition of cost centre
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cost centre an organizational subunit of a firm that is given responsibility for minimizing COSTS but has no control over its product pricing and revenues. Cost centres facilitate management control by helping to ascertain a unit's operating costs. See PROFIT CENTRE, INVESTMENT CENTRE.
References in periodicals archive
Sitel is providing clients with significant levels of incremental revenue on a monthly basis, converting cost centres
into solid revenue streams and profit centres, while delivering a consistently high customer experience.