From cost center to profit center

Essay specific features

 

Issue:

Business

 

Written by:

Kyle S

 

Date added:

July 20, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

8 / 2089

 

Was viewed:

1760 times

 

Rating of current essay:

 
Essay content:

But in most corporate environments, cost centers are not expected to generate a profit and operation costs are treated as overhead. Departments that are typically cost centers include information technology, human resources, accounting, and others. Both cost and profit centers would add something to the bottom line of companies...
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Profit centers could generate profits for companies. Cost centers would reduce costs therefore increase profits for companies. Sometimes, a cost center in one company may be a profit center in some other company. Thus, a center that directly relates to the core competence of the company is usually a profit center and all other centers that do not have directly related to core business would be cost centers...
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