In Strategic Management,the Expression "Blue Oceans" Refers To

question 31

Multiple Choice

In strategic management,the expression "blue oceans" refers to:

• A)Radical innovation
• B)The potential offered by uncontested market space
• C)The campaign to reduce pollution in the world's oceans
• D)Cost reduction through offshoring production

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Definitions:

Customized Coffee Mugs

Coffee mugs that are personalized or altered according to individual preferences, often for promotional or gift purposes.

Form Utility

The value provided to products through the process of altering their design, shape, or packaging to make them more useful or appealing to consumers.

Place Utility

Describes the value added to products by having them in a location where they are needed or wanted by consumers.

Ownership Utility

The value or benefit a consumer receives from having complete control and ownership over a product or service.