Which of the Following Is True of a Blue Ocean

question 88

Multiple Choice

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

• A) It results in a new product or service.
• B) It is the business equivalent of cloning.
• C) It involves patterning a business on existing firms.
• D) It matches the precision of copying as seen in franchising.

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Definitions:

Temporary/Permanent

Refers to classifications of accounts or differences affecting the timing of tax declarations and financial accounting records.

Effective Rate

The real or actual rate of interest to the borrowing corporation.

Discounted Note

A promissory note whose proceeds are less than its face value because it was sold or issued at a discount.

Account Balance

The amount of money present in an account at any given time, reflecting all transactions such as deposits, withdrawals, and interest earned.