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 ?
Sitel is providing clients with significant levels of incremental revenue on a monthly basis, converting cost centres into solid revenue streams and profit centres, while delivering a consistently high customer experience.
These major companies have been criticized in the recent past over evading fair and legal taxes by shifting their profit centres to places like Ireland which has a low company tax rate and is the location of a Google subsidiary that the company says sells advertising to customers in Australia, through another subsidiary in Singapore.
It includes a case study of how Dutch car dealership Van den Udenhout shifted its focus from profit centres and transactions to profitability throughout the customer lifecycle.
It is a comprehensive, covering most of the specific functions of our industry, including accounting, cost centres, profit centres, forecasting, order processing, third party packaging, inventory management, production planning, purchasing, product recall, Green Point (packaging waste management), Pallet management; etc.
BP also continued to see more oil and gas flow from fields in its so-called "new profit centres" such as Russia.
* Personal care provided to children, such as diapering, rest and meals (6.9% higher scores in non profit centres);