Explain Iron Triangles

question 8

Essay

Explain iron triangles. Why is the word "iron" in the name?

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Definitions:

Value Chain Model

Model that shows the primary activities that sequentially add value to the profit margin; also shows the support activities.

General Strategies

Refers to the broad methods or plans formulated by organizations or individuals to achieve major goals or objectives.

Differentiation

The act of making a product, service, or business stand out from its competitors by highlighting unique features or qualities.

Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.