Buy custom The Conumdrum Of Business
Essay's paper info
| Topic: |
Philosophy
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| Number of pages / Number of words: |
6 / 1597 |
Essay's paper body
THE FEASIBILITY OF THE PROFIT CENTRE CONCEPT
A profit center is a responsibility center whereby its financial performance is measured in terms of profit. Profit is defined as the difference between the revenues and expenses.
The profit center concept improves the quality of decisions mangers make as they are closest to the point of decision...
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Profit is defined as the difference between the revenues and expenses.
The profit center concept improves the quality of decisions mangers make as they are closest to the point of decision. However, for business units to operate as successful profit centers, the managers in charged must possess the authority to influence revenues and costs which essentially translates into full control for profits...
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