cost centre
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Related to cost centres: profit centres
cost centre
a group of machines, a factory department or some other organizational sub-unit of a firm under the control of a manager, for which costs can be ascertained and used for purposes of COST CONTROL. See STANDARD COST, PROFIT CENTRE, REVENUE CENTRE.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005