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:

Cost Ratio

A measure that compares a company's operating expenses to its revenue, indicating how efficiently it is managed by showing the percentage of sales that goes towards covering costs.

Beginning Inventory

The value of a company's stock of goods at the start of an accounting period, serving as a baseline for inventory management.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from its total revenue.

Period End Assets

The total value of all assets owned by a company at the end of a given financial reporting period.