They reduce profit.
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.
Profit, costs, and expenses are important within any business' profit and loss statements. The connection is that anything that is more than the costs and expenses of a product or service offered by a business is profit.
Gross Profit Margin = Gross Profit/Revenues Net Profit Margin = Net Profit/Revenues
the manager with positive attitude towards profit maximization
It is important to know the size of a gross and loss profit for a business, because this is the only way to set a budget. It is important in making sure that goals are met throughout the year as well.
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
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
The brain behind every business is that the manager or share holders are on the profit making their aim is to make profit
A responsible financial manager sees the benefit in both approaches. They will try to balance both profit and value maximization for their stockholders.
profit is important because profit represents the surplus working captial with company so to take care of its day to day operations In brief, "no profit, no business."
The brain behind every business is that the manager or share holders are on the profit making their aim is to make profit