Which of the Following Is NOT a Key Element of 'Blue

question 9

Multiple Choice

Which of the following is NOT a key element of 'blue ocean' strategy developed by Kim and Mauborgne?

• A) creating or finding uncontested market space by seeking opportunities based on customer needs, and what competitors currently do
• B) making the competition irrelevant by offering new and different products that cross industry boundaries
• C) creating and capturing new demand
• D) pursuing differentiation and low cost simultaneously

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Definitions:

Government Expenditures

Represents the total amount of money spent by the government on various sectors including defense, education, and healthcare.

Tax Receipts

The total collected income from taxes by a government during a specified period.

Public Debt

The total amount of money that a government owes to creditors, both domestic and foreign, also known as national or government debt.

Federal Budget Deficit

The federal budget deficit occurs when a government's expenditures exceed its revenues within a fiscal year, leading to borrowing or debt accumulation.