How Can Blue-Ocean Thinking Result in Cost Savings for Companies

question 116

Multiple Choice

How can Blue-Ocean thinking result in cost savings for companies that practise it?

• A) by diminishing quality to increase profit margins
• B) by searching within the conventional boundaries of industry competition
• C) by seeking head-to-head battles with competitors based largely on price
• D) by eliminating and reducing the factors affecting traditional industry competition
• E) by competing in occupied market positions with traditional value expectations

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Definitions:

Water Reabsorption

The process by which water is absorbed from the filtrate in the kidneys back into the blood.

Plasma Osmolality

A measure of the concentration of solutes in blood plasma, important for maintaining proper fluid balance and osmotic pressure in the body.

ADH Production

The process by which the posterior pituitary gland secretes antidiuretic hormone (ADH), which helps control the balance of water in the body by affecting the kidneys.

Na+

Sodium ions, essential electrolytes in bodily fluids that play key roles in nerve impulse transmission and muscle contraction.