Examlex
Most compensation plans credit a salesperson with a sale:
Cost Center
A division or department within an organization that does not directly contribute to profits but incurs costs, such as customer service or research and development departments.
Profit Center
A division or segment of a company that is directly responsible for generating its own revenue and profits.
Decentralized Operations
A management approach where decision-making processes are distributed among various levels within the organization, rather than being concentrated at the top.
Strategic Planning
Developing long-term actions to achieve a company’s objectives.
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