Which of the following statements about blue ocean thinking is true?

A) It involves designing creative business ventures to positively affect both a company's cost structure
and its value proposition to consumers.
B) In blue ocean thinking, industry boundaries are defined and accepted, and the competitive rules of the game are known.
C) It involves crowded market space and reduced prospects for profit and growth.
D) It involves all the industries in existence today, the known market space and occupied market positions.
E) In blue ocean thinking, value to consumers comes from reintroducing factors the industry has previously offered.

A

Business

You might also like to view...

All of the following are terms used in regression analysis that arise from the mathematical relationship between the variables EXCEPT:

A) dependent variables. B) criterion variable. C) predictor variables. D) standard variables. E) independent variables.

Business

Pretzle Wagon is evaluating the possibility of offshoring part of his operation and developing a spreadsheet to help assess the total cost of the decision. What elements should be included in the evaluation?

What will be an ideal response?

Business