…................ is a theory that involves the scenario in which a marketplace that has too many competitors and too few customers; has saturated or surpassed the demand/supply ratio.Select one:a.Green Ocean Strategyb.Blue Ocean Strategyc.Red Ocean Strategyd.None of these
Question
…................ is a theory that involves the scenario in which a marketplace that has too many competitors and too few customers; has saturated or surpassed the demand/supply ratio.Select one:a.Green Ocean Strategyb.Blue Ocean Strategyc.Red Ocean Strategyd.None of these
Solution
The correct answer is c. Red Ocean Strategy. This strategy describes a marketplace that is oversaturated with competitors and has too few customers, meaning the demand/supply ratio has been surpassed or saturated.
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