A Profit Center and a Cost Center Both Generate Revenue

question 70

True/False

A profit center and a cost center both generate revenue.

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Definitions:

Mass Service

Mass service involves delivering standardized services to a large number of customers, typically employing efficient processes and technology to achieve economies of scale.

Customised Service

Tailored services designed to meet the specific needs and preferences of individual customers or clients.

Advertising

The activity or profession of producing advertisements for commercial products or services.

Fast Food Outlet

A type of restaurant that serves quick-service food items with minimal table service, focusing on speed, convenience, and affordability.