Question 11 of 25 A diner offering fluffy foamy omelettes is more likely than a diner...

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Question 11 of 25 A diner offering fluffy foamy omelettes is more likely than a diner offering ordinary omelettes to be operating in a red ocean diner market. O True O False

business economics

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Answer 1

Answer #1

In red ocean market, firms tends to innovate and create new variants of the product they sell so that they can capture the greater share of already crowded market.

So, if a diner offers fluffy foamy omelettes then this means that such diner is offering a new variant of omelette in order to defeat competitors and capture greater share of market as market is already crowded with similar diners and need for innovation was required.

Thus,

A diner offering fluffy foamy omelettes is more likely than a diner offering ordinary omelettes to be operating in a red ocean diner market.

Hence, the given statement is True.

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Answer 2

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Question 11 of 25 A diner offering fluffy foamy omelettes is more likely than a diner...

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Question 11 of 25 A diner offering fluffy foamy omelettes is more likely than a diner...

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