A department or other unit within an organization to which costs may be charged for accounting purposes.
- In a way, we too, are a cost center to the university, but our compensation (no bonuses, no revenue or profit sharing) is not directly tied to the university's performance.
- Learning initiatives are typically managed as a cost center, with insufficient budgets, and are rarely linked to business outcomes.
- Financial institutions can benefit by converting what was once thought of as a cost center into marketing opportunities at the heart of their customer's e-commerce activities.
For editors and proofreaders
Syllabification: cost cen·ter
Definition of cost center in:
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.