profit centre


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Related to profit centre: investment centre

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 ?
With our PTS services, we are able to transform customer technical support cost centres into profit centres.
Sydney, July 2 ( ANI ): Australian government has reportedly formed a new Tax Office in order to investigate some of the biggest companies operating in the region for allegedly dodging fair taxes by moving their profit centres overseas.
The company's new profit centres will include natural gas scheduling, gas nominations, capacity releases for the release of transportation capacity on interstate natural gas pipelines, gas transmission and delivery via the interstate pipeline system to their local utility customers.
However, a company can also be too short term due to the way it organises its profit centres and performance management targets.
"We set up different branch offices that worked as their own profit centres. It helped them to focus on developing their own local markets."