Ask Question
BusinessBusiness
12 March, 19:39

A blue ocean type of offensive strategy: Select one: a. Refers to initiatives by a market leader to steal customers away from unsuspecting smaller rivals b. Involves a preemptive strike to secure an advantageous position in a fast-growing market segment c. Involves abandoning efforts to beat out competitors in existing markets and, instead, inventing a new industry or new market segment that renders existing competitors largely irrelevant and allows a company to create and capture altogether new demand d. Involves the use of surprise hit-and-run guerrilla tactics to harass money-losing rivals and drive them into bankruptcy

+2
Answers (2)
  1. 12 March, 20:37
    0
    Answer: A blue ocean type of offensive strategy involves abandoning efforts to beat competitors in existing markets but instead invest a new market segment or industry whereby existing competitors are irrelevant and one which allows a company to create and capture nee demand (Option C)

    Explanation:

    Blue ocean strategy is the pursuit of differentiation and low cost by firms in order to create a new market space and demand. Blue ocean strategy is about the creation and making use of uncontested market space, which therefore makes competition irrelevant.

    Blue ocean strategy are used for industries that are not in existence today, industries that tap the unknown market space and are untainted by competition. The blue oceans gives room for growth as demand is created and not fought for. A blue ocean strategy describes the wider potential and benefits to be enjoyed when an unexplored market is explore.
  2. 12 March, 22:11
    0
    Involves Abandoning efforts to beat out competitors in existing markets and instead inventing a new industry or new market segment that renders existing competitors largely irrelevant and allows a company to create and capture altogether new demand (C)

    Explanation:

    The blue ocean type of offensive strategy which involves pursuing new market opportunities by creating new demands that would render previous demands irrelevant and also at lower costs.

    Firms who employ the blue ocean type of offensive strategy venture into neglected market places/opportunities and create a new market out of them and most firms who employ are firms who invests alot into business researches. some of the Notable firms who employ this are : Amazon and Netflix.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A blue ocean type of offensive strategy: Select one: a. Refers to initiatives by a market leader to steal customers away from unsuspecting ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Danny "Dimes" Donahue is a neighborhood's 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $1.50 each, he sells 100. At a price of $1.00 each, he sells 300. a.
Answers (1)
A multidomestic company is: a. the domestic operations within a foreign country. b. an organization with multicountry affiliates. c. an organization that attempts to standardize operations world
Answers (1)
Paper Co. had net income of $70,000 during the year. The dividend payment was $10,000. The following information is available: Mortgage repayment $20,000 Available-for-sale debt securities purchased 10,000 increase Bonds payable-issued 50,000
Answers (1)
A hardware store will run an advertising campaign using radio and newspaper. every dollar spent on radio advertising will reach 60 people in the "under $30,000" market, and 40 people in the "over $30,000" market.
Answers (1)
If an identical product can be sold in two different markets, and no restrictions exist on the sale or transportation of product between markets, the product's price should be the same in both markets. This is known as: A. equilibrium. B.
Answers (2)
New Questions in Business
The balanced scorecard approach uses only financial measures to evaluate performance. uses rather vague, open statements when setting objectives in order to allow managers and employees flexibility.
Answers (1)
In the open economy of Sildavia, government spending during 2005 was $30 billion, consumption was $70 billion, taxes were $20 billion, and GDP was $100 billion.
Answers (1)
Ridiculousness, Inc., has sales of $49,000, costs of $22,600, depreciation expense of $2,150, and interest expense of $1,900. If the tax rate is 21 percent, what is the operating cash flow, or OCF?
Answers (1)
A common measure of liquidity is a. the accounts receivable turnover. b. dividends per share of common stock. c. the asset turnover ratio. d. the profit margin.
Answers (1)
Assume that Amazon has a stock-option plan for top management. Each stock option represents the right to purchase a share of Amazon $1 par value common stock in the future at a price equal to the fair value of the stock at the date of the grant.
Answers (1)
Home » Business » A blue ocean type of offensive strategy: Select one: a. Refers to initiatives by a market leader to steal customers away from unsuspecting smaller rivals b.
Sign Up Forgot Password?