A Successfully Implemented Blue Ocean Strategy Allows a Firm to

question 56

Multiple Choice

A successfully implemented blue ocean strategy allows a firm to

• A) charge a higher price than the cost-leader in the industry.
• B) create lesser economic value than the differentiator in the industry.
• C) reduce its value gap beyond that created by the cost-leader in the industry.
• D) increase its price above that of the differentiator in the industry.

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Definitions:

Action Potentials

Rapid, temporary changes in the electrical membrane potential that propagate along the membrane of a neuron or muscle cell, facilitating the transmission of signals.

Interpreted

Relating to programming languages, it describes a method where instructions are executed directly rather than being previously compiled into machine-language instructions.

Sensory Stimulus

Any external or internal event or factor that triggers a sensory response, leading to a reaction in the body or a specific behavior.

Taste Receptor

Chemoreceptor involved in the sense of taste.