profit center


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profit center

n.
A segment of a business for which costs, revenues, and profits are separately calculated.
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Jim also provided an excellent overview of professional responsibilities for tax professionals and discussed the difficulty of balancing these responsibilities with pressures to treat the corporate tax department as a profit center.
Managing cash may sound like a mundane task, but if you do it well you can transform your cash management function into a corporate profit center.
Morse joined Acadia in November of 2013 and most recently held the position of assistant vice president of Specialty Marine, where he was responsible for growing the Specialty Marine profit center and implemented an online agent quoting system for builder's risk business.
Anthony's Dog House is the latest profit center for this New England beach-town single store, which has spun off a few successful "shops-within-a-shop" throughout its 19-year history - this one with its own separate banner.
Streamlining the coupon system: Matthias MoneyBoard Coupons on Demand, headquartered in Minneapolis, is offering a new profit center for retailers and in-store savings for consumers.
As you prepare your operating budget for next year, think about the time-volume relationship of the fiber you transform from raw material to finished product (whatever the definition of finished is on your site or in your profit center).
An aggressive vision, for instance, might be to turn IT into a profit center. "As a cutting-edge thinker, the CIO could spearhead the creation of partnerships with private enterprise," suggests Chapman.
Companies should be generating profits from their storage; storage should be turned from a cost center into a profit center. It can be shown that an investment in storage produces, on average, a four times return on investment." It follows that storage is becoming an independent profit center of a company's most valuable tactical and strategic asset.
Still, many newly elected officials know recyclables have some value and hope to turn recycling into a profit center. They do not see recycling as a service, in the same category as fire, police or parks.
Ginny Fess identifies enterprising employees among her staff at the Johnsson Group, a financial consulting firm headquartered in Chicago, and transforms them into a profit center. Rich Schalter obtained a commercial driver's license so he can operate all the products his company manufactures.
"Each dealership is a separate profit center. The addition of Lexus certainly will add a significant profit increase," says Fairhurst, who is the only female African American Lexus dealer.
Many, or most, of the CEOs of these failing companies were young and had little experience in managing a profit center, much less a public corporation.

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