Cost centre financial definition of cost centre
Also found in: Dictionary
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
The benchmarking report also bestows Telemark Gold Awards in three pivotal areas of the survey's research: billing at cost centre
, local language support and secure data transfer.
With our PTS services, we are able to transform customer technical support cost centres
into profit centres.
It includes major and minor cost centres
and departments with costing of individual calls and totals.