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There Are a Number of Offensive Strategy Options for Improving

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Essay

There are a number of offensive strategy options for improving market positions using cost-based and blue-ocean type strategies. Define the terms and suggest ways in which the strategies could be operationalized.


Definitions:

Prediction Interval

An estimated range of values within which a future observation is expected to fall, with a certain probability.

Independent Variable

A variable in an experiment or model that is manipulated or changed to assess its effects on a dependent variable.

Probability Distribution

A mathematical function that describes the likelihood of obtaining the possible values that a random variable can assume.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe an existing state or future outcome.

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