The Acronym P-O-L-C Is the Framework That Managers Use to Understand

question 65

Multiple Choice

The acronym P-O-L-C is the framework that managers use to understand and communicate the relationship between:

• A)corporate strategy and business strategy.
• B)threats and opportunities.
• C)strategy formulation and strategy implementation.
• D)the vision statement and mission statement.
• E)offshoring and international outsourcing.

---

Definitions:

Profit Center

A branch or division of a company that is responsible for its own revenues and expenses, and thus its own profitability.

Generates Revenues

The process of creating income for a business through various activities such as sales, services, and investments.

Cost Center

A department or segment within a business that does not directly generate revenue but incurs costs, used for performance evaluation and budgeting.

Revenue Center

A segment of a business responsible for generating revenue through its operations and sales activities.