HOW A COMPANY CAN TURN A COST CENTER INTO A PROFIT CENTEREditors PickHuman Resources by Bernard Taiwo - August 17, 20210 HOW A COMPANY CAN TURN A COST CENTER INTO A PROFIT CENTER A profit center is a small unit of a company that generates revenue in excess of its expenses. It is expected that, through the sales of goods or services, the unit will turn a profit. This is in contrast
WHEN EVALUATING COST/BENEFIT ANALYSISEditors PickManagement by Bernard Taiwo - March 4, 20210 WHEN EVALUATING COST/BENEFIT ANALYSIS Cost/benefit analysis is the exercise of evaluating an action’s consequences by weighing the pluses, or benefits, against the minuses, or costs. It is the fundamental assessment behind virtually every business decision, due to the simple fact that business managers do not want to spend money unless the
