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Finance: What is a profit center? 2 Views
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Description:
A profit center is whatever aspect of a company's business makes them the most dough, and should make up for the...not-so-profit-y centers.
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Transcript
- 00:00
Finance a la shmoop what is a profit center? well here's a profit center and
- 00:09
here's a profit center yeah Google search is where Google makes like a [Google search of profits appear]
- 00:13
hundred forty-two percent of its profits so search for Google is its profit
- 00:19
center in fact if it weren't for its search engine well Google would actually
- 00:23
be losing money YouTube loses a billion dollars a year
Full Transcript
- 00:26
depending on how you do the math Google Maps loses 100 million or so everything
- 00:31
else loses a few billion a year and search makes thirty billion dollars a
- 00:36
year annually yeah per year that's what it means
- 00:39
so more than makes up for everything else that's its profit Center and
- 00:43
without that profit center generating profits or cash to fund all these other [Man playing guitar with VR]
- 00:49
wacky ideas the driverless cars our favorite while Google would just be
- 00:53
searching for a way to make money but it doesn't it found it it's called search...
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