An organizational unit of a business that incurs costs and generates revenues is known as a(n):________

In accounting, a profit center is a component or division of an organization that is thought to increase its bottom line, such as a company's sales department. The company determines its net profit and losses independently since it is regarded as a different business unit or sector.
For the purpose of internal control, a profit center is an organizational unit in accounting that represents a management-oriented structure of the company. You can use either the cost-of-sales technique or the period accounting approach to examine operating outcomes for profit centers.
A department inside a company that is in charge of earnings and losses is known as a profit center. It could be a department, region, or product line. Typically, a Profit Center is managed independently from the other organizational divisions in order to evaluate its performance and make decisions about its future.
For instance, market research is a typical activity that generates costs without producing a direct profit. On the other hand, marketing becomes a revenue or profit center if its objectives are to make money.

An organizational unit of a business that incurs costs and generates revenues is known as a(n): Profit center.

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