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To monitor,and make accountable, the management team for that Cost/Profit/Investment center.
Give me an example of a cost center, a profit center, and an investment center for FedEx?
cost center investment center profit center revenue center
cost centre = the department which activities cash disbursement profit centre = the department which activities making cash
Cost centers - http://en.wikipedia.org/wiki/Cost_center Profit center - http://en.wikipedia.org/wiki/Profit_center Investment center - http://en.wikipedia.org/wiki/Investment_center
Cost Centre: It is that department in factory where all costs are pooled or costs are allocated. Profit Centre: Is is that department where only profit is pooled like sales department.
A cost center is part of an organization that does not produce direct profit and adds to the cost of running a company. It is an organizational department.
center
They are meant to make a profit for their companies. They will work to sell products so that they make money.
Cost Center: it is that department of a company whose manager is responsible for cost spending only like production department.Revenue Center: it is that department whose manager is only responsible for revenue for example sales department.Profit Center: it is that department whose manager responsible for cost as well as revenue of department that department is called profit centre like "Autonomous Business Units".
Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost.
To try to make a profit.