💼 Pre-MBA Exam Prep

Blue ocean strategy proposes that companies should:

A Compete more aggressively
B Create uncontested market space by making the competition irrelevant
C Lower prices constantly
D Focus on existing customers only

✓ Correct Answer: Option B

Blue ocean strategy (Kim & Mauborgne): instead of competing in existing crowded markets (red oceans), create new demand in uncontested market space where competition is irrelevant.

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