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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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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.
Acadia Insurance Appoints Morse as Regional VP, Branch Manager in New York
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.
REVISITING RESPONSIBILITY ACCOUNTING: WHAT ARE THE RELATIONSHIPS AMONG RESPONSIBILITY CENTERS?
STORE Capital said it invested over USD 1.2bn in profit center real estate during 2015, including over USD 270m in 4Q15.
STORE Capital Posts USD 270m of 4Q15 Acquisition Activity
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.
First thing we do, let's kill all the lawyers (part 1)
"They are all great profit centers and translate traffic to each other.
One-Stop Shop
With tighter budgets, some municipalities want to treat curbside programs as profit centers rather than services.
A recycling Mosiac the U.S. Southeast has some turbulent recycling issues to weather but a sound manufacturing base to come home to. (Regional Report)
In addition, the firm has established separate profit centers for Synteko and its Sikkens brand of wood care products, effective Jan.
Akzo takes over Synteko coatings operations in NA. (As We Go To Press)
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 regulation debate: it was state vs. federal at a conference for the life insurance industry, and debaters found little common ground. (Regulation: Life/Health)
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.
Bank call centers need strong infrastructure
The company now has regional profit centers in Europe, Asia/Pacific, and South America, supported by two dozen new manufacturing, engineering, or marketing facilities.
Engineering an image
* Because they operate in separate "profit centers," their compensation can be directly related to personal efforts and hard work.
Models for medical practice integration
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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