Rather Than Competing Head to Head with Established Competitors,many Companies

question 4

Multiple Choice

Rather than competing head to head with established competitors,many companies seek out unoccupied positions in uncontested market spaces.They try to create products and services for which there are no direct competitors.This is called a .

• A)"strategic sweet spot"
• B)"strategic platform"
• C)"common platform"
• D)"blue ocean strategy"
• E)"red ocean strategy"

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Definitions:

Previous Balance

The amount of money owed or available in an account before the latest transactions.

Cycle Closing

The process of concluding a billing or operational period at the end of a cycle.

Simple Interest

The fundamental interest calculation.

Monthly Basis

A frequency term that indicates something occurs every month or is calculated on a monthly basis.