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.
What is a balance sheet in finance? Definition of the term
One of the basic tools that every entrepreneur should have is a balance sheet. A balance sheet is…