Hierarchical organizational structure is a type of organizational structure where authority is delegated from centralized top to bottom layers.
Posts tagged as “Profit Centers”
The Chief Financial Officer (CFO) of a business is in charge of preparing budgets for the whole firm. He is the person in charge of the Finance Department.
It is quite easy to use and calculate the Total Contribution formula to calculate the business’s profit. And then, to figure out how to increase profit.
Contribution Analysis can help a business organization to identify products in its Product Portfolio that are relatively profitable.
Classifying costs is an important job for business managers, especially Production and Marketing managers who make product-related decisions.
Once we know about the most important equation in business, the other two crucial concepts need to be understood – Cost Centers and Profit Centers.