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.
Fixed costs – what are they? Definition of the concept
Fixed costs are all expenses you have to incur to sustain your business. They are unavoidable, which is…