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".
Profit Pooling is when a manager chooses the most profitable activity in an industry and decides to engage in that activity for the purpose of generating large proportion of profit from the industry. Example: Education industry - there are many activities in this industry, some are more profitable than others, a strategic manager will consider external and internal elements (Weakness, strength, competitor, law, etc.) to engage in one of the activities for the purpose of earning Above Average Return (AAR). If he succeeds, then we can say there is profit Pool from education industry. -Jude Ehiokhihen E.
Gross Profit Margin = Gross Profit/Revenues Net Profit Margin = Net Profit/Revenues
net profit
General motors is for profit company.
the manager with positive attitude towards profit maximization
The job of a financial manager in a nonprofit organization is different from a financial manager with a profit-seeking firm. These people will handle money in different ways.
The job of a financial manager in a nonprofit organization is different from a financial manager with a profit-seeking firm. These people will handle money in different ways.
The four cases that explain the fulfillment of any manager goal regarding the profit.
They make a lot of money. A Bulk of the income is based on profit sharing - depending on the amount of profit the fund manager makes out of the investor money.
he is responsible for the overall profit planning of the organisation
A responsible financial manager sees the benefit in both approaches. They will try to balance both profit and value maximization for their stockholders.
The brain behind every business is that the manager or share holders are on the profit making their aim is to make profit
The brain behind every business is that the manager or share holders are on the profit making their aim is to make profit
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Managers can analyze profit per hour or profit per product to determine whether they are successful. They should then compare the numbers to others in the industry.
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