The Basic Proposition of the Blue Ocean Strategy Is That

question 11

True/False

The basic proposition of the blue ocean strategy is that many successful companies have built their competitive advantage by initiating price wars and driving weaker rivals out of the industry.

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Definitions:

Pools

Agreements between companies in the same industry to fix prices and divide markets among themselves, often to avoid competition and increase profitability.

Interstate Commerce Act

A United States federal law that was designed to regulate the railroad industry and its monopolistic practices by requiring reasonable and just rates with no discrimination.

Sherman Anti-Trust Act

A landmark federal statute in the United States passed in 1890 that prohibits monopolistic business practices and promotes competition in the marketplace.

Restraint of Trade

Legal terminology referring to practices or agreements that restrict competition, often regulated to protect economic fairness.