BALANCED SCORECARD Definition

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BALANCED SCORECARD (BSC) is a strategic management system based upon measuring key performance indicators across all aspects and areas of an enterprise: Financial, Customer, Internal Process, and Learning and Growth.

Learn new Accounting Terms

COST CENTER is a non-revenue-producing element of an organization, where costs are separately figured and allocated, and for which someone has formal organizational responsibility.

INVENTORY PROFITS is a capital-gains-like element in profits. It results from an increase in inventory prices.

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