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Template:Cost centre capsule: Difference between revisions
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A “[[cost center]]” in a firm is a department that does not directly earn revenue but still costs money to operate. [[Cost center]]s therefore only contribute to profitability indirectly, by enabling [[profit centre]]s to operate, helping them operate better, and preventing money made by [[profit centre]]s being lost again. Cost centres may also | A “'''[[cost center]]'''” in a firm is a department that does not directly earn revenue but still costs money to operate. [[Cost center]]s therefore only contribute to profitability indirectly, by enabling [[profit centre]]s to operate, helping them operate better, and preventing money made by [[profit centre]]s being lost again. Cost centres may be, and usually are, also [[waste centre|''waste'' centre]]s, but that is not to say cost and waste centres are the same: to confuse them is to make the fundamental mistake of modern management.<br> | ||