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.

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Definitions:

Core Principles

Fundamental beliefs or values that are at the heart of a system, organization, or philosophy.

Professional Selling

The process of personally promoting products or services to clients in a way that adds value and aims to generate a profitable outcome.

Needs

Needs are essential requirements or desires that drive individuals to take actions or make decisions in pursuit of satisfaction or fulfillment.

Wants

Needs that are learned by a person.