Business terms and jargon explained. Your business dictionary
What is Profit and Loss ResponsibilityP & L responsibility is the accountability of a department, section or company in terms of it making a profit or loss in its own right. When authority is given, then that person is responsible for its performance and how it will affect the rest of the business and is answerable for the results.
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Term created / updated 2007-05-29 00:06:06
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