In Order to Discover a "Blue Ocean" of Uncontested Market

question 32

True/False

In order to discover a "blue ocean" of uncontested market space,a firm must use technological innovation to create a new product market

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Definitions:

Unemployment Taxes

Taxes imposed on employers based on the employment and wages of employees, used to fund unemployment insurance benefits.

FICA Tax

Federal Insurance Contributions Act tax, which is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.

FUTA Tax

Federal Unemployment Tax Act tax, which is a payroll or employer tax paid to fund state workforce agencies.

SUTA Tax

State Unemployment Tax Act tax, which is a payroll tax paid by employers based on the state's unemployment insurance rate and the taxable wage base.