Which of the Following Statements Is True of the Blue

question 6

Multiple Choice

Which of the following statements is true of the blue ocean strategy?

• A)It disrupts an existing market by displacing an earlier technology.
• B)It relies on its existing knowledge of products to improvise on new features.
• C)It uses low-end disruptive innovations to compete in the market.
• D)It creates new demand in an uncontested market space.

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Definitions:

Migration

The movement of people from one place to another, often with the intent of settling temporarily or permanently in the new location.

Developing Countries

Refers to nations with lower living standards, undeveloped industrial bases, and low Human Development Index (HDI) relative to other countries.

Foreign Exchange

The conversion of one currency into another for the purpose of trade, travel, or investment in the global market.

Safety Valve

A mechanism, either physical or metaphorical, designed to prevent system overload by releasing excess pressure or providing an alternative route in times of crisis.