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Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
ISBN: 9781285867168

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BuyFindarrow_forward

Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
ISBN: 9781285867168
Textbook Problem

Describe the difference between a profit center, revenue center, and cost center.

Program Plan Intro

ERP system:

  • It denotes software for business process management that permits an organization in using integrated applications in system.
  • It manages business and automates many back office functions linked to technology, services as well as human resources.
  • The ERP software assimilates all operation facets.
  • It includes product planning, engineering, development, marketing, and sales.
  • It is performed in a single database, user interface as well as application.
Program Explanation

Difference between profit center, revenue center and cost center:

Profit centerRevenue centerCost center
It denotes an organizational unit that reflects management-oriented structure.

It denotes an organizational unit that gains revenue from sale of product or services.

It denotes an organizational unit that represents a location where costs occur.
It evaluates the profit or loss of individuals...

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