The roles of cost & profit centres

DP Business Management: The roles of cost & profit centres

Recall that profit refers to the positive difference between a firm’s total revenues and its total costs for any given period of time. Revenues are the inflows of money, usually from the sale of products. Costs are the outflows of money, to finance production and business activities. By contrast, if costs are greater than revenues, then the organization declares a loss. Most businesses will aim to provide goods and...

To access the entire contents of this site, you need to log in or subscribe to it.

You can also request a Free trial or check the blog (which is also free)

All materials on this website are for the exclusive use of teachers and students at subscribing schools for the period of their subscription. Any unauthorised copying or posting of materials on other websites is an infringement of our copyright and could result in your account being blocked and legal action being taken against you.