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

Question

Quizplus · Accepted Answer

A profit center is a business unit that generates revenue and incurs expenses, and is accountable for its profitability. A convenience store owned by a national chain is likely to be classified as a profit center since it generates revenue and incurs expenses, and the company will likely analyze its profitability.

The Convenience Store Owned by a National Chain Is Likely