The option that is a concept that focuses on time, quality and cost for any product or service being developed is called; B: TQC Triangle
Products and Services
Let us analyze each of the options;
- Option A: The Service triangle is also called the service marketing triangle and it is used to highlight the relationships between the various providers of services, and the customers who consume these services. While product triangle is used in management.
- Option B; TQC Triangle is called Time, Cost, Quality Triangle and it is also known as Iron Triangle or Triple Constraint.
- Option C; This triangle only deals with quality
- Option D; Triad triangle has nothing to do with time, quality and cost.
Looking at all the definitions above, the only correct one is TQC Triangle.
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