What is a cost centre?
What will be an ideal response?
Answer:
- Only responsible for the costs that it incurs
- Doesn't produce profit; it adds to the cost of running a company
- Responsible for it's costs but not for the revenue or investment decisions i.e. human resources department
You might also like to view...
The main purpose of focus groups is to gain insights by listening to a group of people from the appropriate target market talk about issues of interest to the researcher
Indicate whether the statement is true or false
The book states that BOP strategies often fail. There are as many reasons for failure as there are reasons for success. The book explicitly states to "fail early and fail fast." Why is this advice important for social entrepreneurs?
A. It offers an "escape route" for risky ventures. B. It suggests that BOP strategies are destined for failure and therefore a success is a real "win." C. It suggests that a lot can be learned from failures, lessons that sow the seed of success for the next venture. D. It means the faster you fail, the more the investors will get back out of the venture. E. It suggests that if you think you might fail, get out early and recover your losses.