A Blue Ocean Strategy Differs from a Low-Cost Strategy in That

question 56

Multiple Choice

A blue ocean strategy differs from a low-cost strategy in that

• A) the intent of a blue ocean strategy is not to be the absolute lowest-cost provider because a blue ocean must also increase perceived value.
• B) the focus of a blue ocean strategy is on lowering the economic value created, whereas a cost-leader focuses on increasing the economic value created.
• C) economies of scale are more important to a blue ocean strategy, while economies of scope are more important to a cost-leader.
• D) a blue ocean's research and development focus is on process technologies, and a cost-leader's focus is on product technologies.

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Definitions:

Women's Health

A field of medicine and public health that focuses on conditions and diseases that specifically affect women, as well as approaches to improve women's health and well-being.

Key Concepts

Fundamental principles or ideas that are essential for understanding a particular subject or domain of knowledge.

Birthing Centers

Facilities focused on providing a more natural and less medicalized environment for childbirth.

Chronic Conditions

Health conditions that are persistent and long-lasting in their effects and require ongoing management over a period of years or decades.