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Finance: What is the Fast Market Rule?
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What is the Fast Market Rule? The fast market rule is something that is used in the U.K. to keep the market under control when any sort of crash ha...

Finance: What is the Dow Jones Industrial Average?
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What is the Dow Jones Industrial Average? The Dow Jones Industrial Average is usually just called the Dow. It’s an average of 30 of the most well...

Finance: What is Arbitrage?
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What is Arbitrage? Arbitrage is a trading strategy used to make risk-free money. The investor buys a security in one market and sells it in another...

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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

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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