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 ?
Morse joined Acadia in November of 2013 and most recently held the position of assistant vice president of Specialty Marine, where he was responsible for growing the Specialty Marine profit center and implemented an online agent quoting system for builder's risk business.
Ritika and Rani (2015) identified the R&D cost center as a subclassification of the cost center; but what is proposed here is a separate center for R&D activities with autonomy and the ability to transfer inventions to the cost and profit centers at a price.
STORE Capital said it invested over USD 1.2bn in profit center real estate during 2015, including over USD 270m in 4Q15.
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 tighter budgets, some municipalities want to treat curbside programs as profit centers rather than services.
In addition, the firm has established separate profit centers for Synteko and its Sikkens brand of wood care products, effective Jan.
State regulation also survives because state regulators are "profit centers" for the state through the revenue they generate, said Michael Weinstein, senior equity analyst at Putnam Investments.
The study also reveals that a majority of banks are not using their resources to provide adequate training for call-center managers, track customer satisfaction, or measure dimensions associated with call centers as profit centers or competitive advantages.
The company now has regional profit centers in Europe, Asia/Pacific, and South America, supported by two dozen new manufacturing, engineering, or marketing facilities.
* Because they operate in separate "profit centers," their compensation can be directly related to personal efforts and hard work.
The first database program we set up was a file to keep track of the list profit centers we are continually adding to and changing.

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