The basic proposition of the blue ocean strategy is that many successful companies have built their competitive advantage by: ti:- redefining their product oftering through value iimotation and creating a new market space. '1._22- initiating a price war to grow volume and drive their vvealter rivals out of the industry. {:2- developing brand loyalty to protect them 'om intense price rivalry uithin their industry. ii:- charging premium prices for their goods or services. CI- adopting lean production and exible manufacturing technologies. A Genuine Business Opportunity.r (GED) has each of the following characteristics except: all The ability to produce an acceptable prot (:2- The ability to attract a global rnarlret :2} To be sold in a sufficient 1irolun'ie at high enough of a price to produce an acceptable prot -::2- There has to be effective demand for the product or sewice {:3 It tT'IUSt address an unmet '53?th Or NEED. Which of the following is a true statement about the the "S |Curye of Market Growth {Industry Life |Cycle}? [22- There are three inflection points where strategy must be reyisited. -:j:j:- Hyper compettiton occurs in the rapid growth segment of the curye. -:j:j:- The "chasm" is crossed when a significant competitye action is taken by an industry participant iijjz- It compares demonstrates the increase in shareholder yalue of the industry particpants dyer time. [2:- Supply exceeds demand in the decline stage