The Problem-Factoring Process Involves

question 9

Multiple Choice

The problem-factoring process involves

• A)looking at a problem from multiple perspectives.
• B)considering how to allocate blame for a problem.
• C)creating problems instead of solving them.
• D)dividing a complex problem into a series of logical, connected questions.

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Definitions:

Generic Business Strategies

Broad marketing approaches or plans that businesses can use to attain competitive advantage, typically classified into cost leadership, differentiation, and focus strategies.

Four Actions Grid

A strategic tool used in blue ocean strategy to redefine the value proposition by determining what to eliminate, reduce, raise, and create.

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.