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Cost Center
A department or unit within a business that does not directly generate profit but incurs costs, e.g., customer service or research departments.
Profit Center
A branch or division of a company that is directly responsible for generating its portion of the company's overall profit.
Profit Center
A branch or division of a company that is treated as a separate unit for the purpose of calculating its profitability.
Cost Center
A business unit or department that incurs expenses but does not directly generate revenues, often evaluated for its efficiency and cost management.
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