Question 9 of 25 The Segway is an example of a successful blue ocean strategy product....

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Question

Question 9 of 25 The Segway is an example of a successful blue ocean strategy product. O True False

business economics

Answer 1

Answer #1

Question 9

Blue Ocean Strategy product implies the creation of a product that creates new market space.

An entirely new market space is created by such product and such product captures the entire market with no competition being able to survive.

Segway has created a new market space with respect to motorized two-wheel ride vehicle.

So,

The Segway is an example of a successful blue ocean strategy product.

Thus,

The given statement is True.

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Answer 2

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