In Strategic Management,the Expression "Blue Oceans" Refers To

question 19

Multiple Choice

In strategic management,the expression "blue oceans" refers to:

• A)Radical innovation
• B)The potential offered by uncontested market space
• C)A key theme in the US Navy's strategic planning process
• D)The ability to cut costs through moving production to offshore locations.

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Definitions:

Preference Decisions

Choices made between alternatives based on personal or organizational preferences, often relating to resource allocation.

Acceptable Investments

Financial assets or securities deemed suitable for purchase based on an investor's risk tolerance, investment strategy, and financial goals.

Payback Periods

The length of time required to recover the original investment cost through the generated returns.

Profitable

A financial state where earnings exceed expenses, resulting in a positive net income.