Examlex
Suppose you are planning to open a lemonade stand. List separately all the explicit and implicit costs that might be involved.
Profit Center
A segment or part of a business directly responsible for its profits and losses.
Toy Department
A specialized retail section dedicated to selling toys and games.
Profit Center
A branch or division of a company that is accounted for on a standalone basis for profit calculation.
Cost Center
A segment of a company that does not directly generate revenue but incurs costs, focusing on controlling expenses and efficiency.
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