________ Replace the Typical Magnetic Strip on a Credit or Debit

question 136

Multiple Choice

________ replace the typical magnetic strip on a credit or debit card with a microprocessor.

• A) Smart cards
• B) Direct deposit cards
• C) E-cards
• D) Check conversions

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Definitions:

Blue Ocean Strategy

A business strategy that focuses on creating a new market space (or "Blue Ocean") that is uncontested and makes competition irrelevant.

Four Actions Grid

A strategic tool used in the Blue Ocean Strategy framework that helps businesses to determine new opportunities by asking four questions: What to eliminate, reduce, raise, and create.

Blue Ocean Strategy

A business theory that suggests companies are better off searching for ways to gain "uncontested market space" rather than competing with similar companies.

Marketing Failures

Situations where marketing strategies do not achieve their objectives, often leading to wasted resources, lost sales, or negative brand perception.