profit centre

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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 ?
As I often explain to these law firm lawyers, one of the fundamental differences between being a law firm lawyer and an in-house counsel is going from being a profit center to being a cost center.
They are all great profit centers and translate traffic to each other.
With the addition of Synteko to DCNA, we have re-organized into two profit centers to ensure that we maintain the momentum we've built for our Sikkens brand, while making certain that Synteko receives the attention necessary for its growth," said Theo Bouwens, general manager, DCNA.
In about nine months, a team of Information Systems professionals and two software companies created, a point-and-click EIS and a comprehensive data warehouse that organized and refined the data from a variety of sources, including the company's general ledger system, profit center accounting system, cost allocation system, funds transfer system, demand deposit data base, and an asset management application.
For industrial warehouse and factory office space, Tack said, there are no profit centers in any escalations.
This "shop-within-a-shop" atmosphere is something Graziano strives for with all of his profit centers.
The head of every profit center that has $1 million or more of revenue--which is almost all of our profit centers--is a member of the executive committee.
One of the most notable has been the separation of "traditional" hospital profit centers - such as surgical suites, imaging departments, and obstetrical departments - into the ambulatory sector, causing hospitals to lose at least partial administrative and financial control of these enterprises.

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