Cost Centers
What is Cost Centers?
A cost center is a department or function within an organization that does not directly add to profit but still costs the organization money to operate. Cost centers contribute to a company's profitability indirectly, such as through research and development, marketing, customer service, or administration. They are typically evaluated on their ability to control costs and stay within budget. Common uses include allocating expenses, monitoring departmental performance, and informing pricing decisions.
Which job functions mention Cost Centers?
Which organizations are mentioning Cost Centers?
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