ECONOMICS

Detailed explanation-1: -A profit centre is a segment of an organisation whose manager is responsible for both revenues and costs. In a profit centre, the manager has the responsibility and the authority to make decisions that affect both costs and revenues (and thus profits) for the department or division.

Detailed explanation-2: -Profit Centers. A profit center is an organizational segment in which a manager is responsible for both revenues and costs (such as a Starbucks store location).

Detailed explanation-3: -Revenue Centre-This center is accountable for initiating and monitoring revenue. The management does not have any control over the cost or investment but can monitor a few of the expenses in the marketing section.

Detailed explanation-4: -Cost centers. In a cost center the manager is responsible only for costs. Examples of cost centers include a production department, maintenance department, accounting department, human resource department, etc.