A blue$-$ocean strategy

Group of answer choices

involves an unexpected $($out$-$of$-$the$-$blue$)$ preemptive strike to secure an advantageous position in a fast$-$growing market segment.

is an offensive strike employed by a market leader that is directed at pilfering customers away from unsuspecting rivals to boost profitability.

works best when a company is the industry's low$-$cost leader.

involves abandoning efforts to beat out competitors in existing markets and instead invent a new industry or new market segment that renders existing competitors largely irrelevant and allows a company to create and capture altogether new demand.