The strategic triangle of a business unit consists of
A)executives, board members, and employees.
B)distributors, consumers, and suppliers.
C)the company, the competition, and customers.
D)materials, production, and sales.
E)financiers, customers, and competitors.

Question

Quizplus · Accepted Answer

The strategic triangle of a business unit consists of the company, the competition, and customers. This triangle represents the three key factors that must be considered and balanced when developing a successful strategy. The company needs to understand its own strengths and weaknesses, as well as market opportunities and threats posed by competition. At the same time, it must also focus on meeting the needs and wants of its customers to maintain or gain market share. Balancing these three factors is essential for long-term success. The other choices do not accurately describe the strategic triangle.

The Strategic Triangle of a Business Unit Consists of