The convenience store owned by a national convenience store chain is likely to be classified as a(n)
A)cost center.
B)investment center.
C)revenue center.
D)profit center.

Question

Quizplus · Accepted Answer

A convenience store owned by a national convenience store chain is likely to be classified as a profit center. This is because the store is expected to generate revenue through the sale of products, and the profitability of the store is measured based on the revenue generated and the expenses incurred to run the store. Profit centers are responsible for generating revenue and profits for the company, and they have control over both their revenues and expenses.

The Convenience Store Owned by a National Convenience Store Chain