A "Blue Ocean Strategy" Refers to the Creation of Entirely

question 69

True/False

A "Blue ocean strategy" refers to the creation of entirely new industries, or the recreation of existing industries

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of the middle or typical value of a dataset, commonly found using mean, median, or mode.

Variation

The occurrence of differences among individuals, groups, or populations, often leading to evolutionary change.

Standard Deviation

A statistical measure that represents the dispersion or variance in a set of data points from its mean.

Measure of Variation

A statistical tool used to describe the distribution or spread of data points in a dataset, common measures include variance, standard deviation, and range.