A strategic competitve weakness: Demonstrates an immediate need for an outside consultant to be hired by the firm's management. Is essentially something that a firm can reasonably do nothing about. Should be ignored when formulating strategy. Is something that is not tolerated by well managed firms. Is a function of poor management decisons making. Given a Return on Investment of 30%, an asset turnover ratio of 2, and financial leverage of 3 , what is the firm's net profit percentage as defined by the DuPont Formula? 2% 2.5% 5% 6% 10% The basic proposition of the blue ocean strategy is that many successful companies have built their competitive advantage by: redefining their product offering through value innovation and creating a new market space. initiating a price war to grow volume and drive their weaker rivals out of the industry. developing brand loyalty to protect them from intense price rivalry within their industry. charging premium prices for their goods or services. adopting lean production and flexible manufacturing technologies