cost center

1 of our books defines this term.

a department or other unit within an organization to which costs may be charged for accounting purposes; for example, a human resources department. Unlike a profit center, cost centers only contribute to a company’s profitability indirectly.

— Project to Product, Mik Kersten

See also Age of Mass Production · alignment index · flow velocity · Installation Period · Kondratiev waves · primary sector

Filed under Metrics & Economics

← All glossary terms