These are profit responsibility centers. In profit centers, the manager is responsible for revenues and costs. Profit centers should have adequate autonomy to select customers and set prices for products or services sold. The same autonomy should apply to the formation of cost levels. An example of a manager – in capital groups, the director of a manufacturing plant.
Reserve capitals – what are they? Definition of the concept
Would you like to know what are reserve capitals? We explain the concept, point out the differences between…