A profit centre is related to a decentralised unit,whereas a cost centre is related to a centralised unit.

Name: A profit centre is related to a decentralised unit,whereas a cost centre is related to a centralised unit.
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Both profit centers and cost centers can exist in both decentralized and centralized organizations. The distinction lies in their functions: a profit center is responsible for generating revenue and controlling costs, while a cost center only focuses on controlling costs.

A Profit Centre Is Related to a Decentralised Unit,whereas a Cost