2. Which is the competing strategy that requires finding a market that is NOT being served...
2. Which is the competing strategy that requires finding a market that is NOT being served at all?
a. Different Strategy
b. Focus Strategy
c. Low-Cost Leadership Strategy
d. Blue Ocean Strategy
Homework Answers
1. D. Blue ocean strategy
A blue ocean strategy makes use of a marketplace where there is
nonexistent competition, and therefore, the aspect of their
strategy for creating competitiveness becomes irrelevant.
Add Answer to:
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Now suppose that the independent supermarkets combine into one chain.
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Use the black point (plus symbol) to show the competitive price and quantity in this market. Then use the green area (triangle symbol) to shade the area representing consumer surplus in the market for groceries, and use the purple area (diamond symbol) to shade the area representing producer surplus.
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