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What is difference between cost center profit center?
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".
What is profit pool?
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.
Why profit is important for manager?
Profit is crucial for managers as it serves as a key indicator of a company's financial health and operational efficiency. It provides resources for reinvestment, allowing for growth, innovation, and sustainability of the business. Additionally, profit affects stakeholder confidence, employee morale, and can influence decision-making regarding resource allocation and strategic planning. Ultimately, a focus on profitability enables managers to achieve long-term organizational goals.
How do you calculate profit margins?
Gross Profit Margin = Gross Profit/Revenues Net Profit Margin = Net Profit/Revenues
Which is better gross profit or net profit?
net profit
Who is a efective manager?
the manager with positive attitude towards profit maximization
Is the job of a financial manager in a nonprofit organization different from a financial manager with a profit-seeking firm?
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.
Is the job of a financial manager in a nonprofit organization different from a financial manager in profit seeking firm?
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.
What are the four cases that explain the fulfillment of any manager goal regarding the profit?
The four cases that explain the fulfillment of any manager goal regarding the profit.
What is a mutual fund manager get a year?
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.
What are the rule of financial manager?
he is responsible for the overall profit planning of the organisation
As a responsible financial manager would you like to go for profit maximisations or value maximisation?
A responsible financial manager sees the benefit in both approaches. They will try to balance both profit and value maximization for their stockholders.
What is brain behind the business?
The brain behind every business is that the manager or share holders are on the profit making their aim is to make profit
What is the brain behind every business?
The brain behind every business is that the manager or share holders are on the profit making their aim is to make profit
One difference between a Broadway producer and a not-for-profit producing manager is?
*Solicits grants
How would a financial manager evaluate the efficiency of the company in terms of profit?
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.
What should be a hotel manager goal profit or outstanding service?
To give the best service to customers qualityinnviha.com
