A blue ocean strategy differs from a low-cost strategy in that

1 answer:

6 0

The focus of a blue ocean strategy is on lowering the economic value created, whereas a cost-leader focuses on increasing the economic value created.

You might be interested in

Identifying your sources will help you to establish credibility.

koban [17]

Answer:

True

Explanation:

Identifying your sources help your audience believe that your information is reliable.

4 0

3 years ago

__________ is the only variable which will decrease the amount brought to the market (quantity supplied) if all other variables

svetlana [45]

Demand should be right since its the public's demand what gets put out in the market for them to consume.

8 0

3 years ago

The Golden Goose is considering a project with an initial cost of $46,700. The project will produce cash inflows of $10,000 for

MrRissso [65]

The payback period is 4.06 years.

<h3>What is the payback period?</h3>

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Amount recovered in the first year = 46,700 - 10,000 = 36,700

Number of years it would take to recover 36,700 = 1 + (36700 / 12,000) = 4.06 years

To learn more about the payback period, please check: brainly.com/question/25716359

#SPJ1

6 0

2 years ago

In a large city, two taxi companies own all the licenses that the city will grant to operate taxis. consumers don't care which c

liberstina [14]

Answer:

this situation can be classified as an duopoly

Explanation:

An duopoly is similar to a monopoly but instead of only supplier there are two suppliers that share total market power and control. Both companies also offer basically the same product or service. Competition exists between the companies but it is not significant, both companies decide to coexist. Customers are forced to choose between one company or the other.

In this case, there are only two taxi companies and the customers really don't care what company they use since they both offer similar services. None of the companies even bothers to offer a better service to try to gain a larger market share.

7 0

3 years ago

Suppose that the price of sushi take-out, a substitute, decreases in price. what will happen to the demand for chinese take-out?

omeli [17]

<span>Suppose that the price of sushi take-out, a substitute, decreases in price. What will happen to the demand for Chinese take-out? The demand for Chinese take-out will likely decrease as a substitute is cheaper. Those we are okay with substituting one item with another are often after the price the items sell out versus exactly what the want from the item. Since they are substitutes, more people will likely get the cheaper option, Sushi take-out. </span>

8 0

3 years ago