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:

Social Media

Digital platforms that allow users to create content, share experiences, and engage in social networking.

Direct Sales

A business model where products or services are sold directly to customers, bypassing traditional retail channels.

Inspire

To fill with the urge or ability to do or feel something, especially to do something creative.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally identified as product, price, place, and promotion.