Lesson - Choosing Between Red and Blue

 0    15 speciālā zīme    jessehandley
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Competition
Apple and Samsung have fierce competition in the smartphone market.
sākt mācīties
Rivalry between businesses trying to attract customers.
Market
The company expanded into the Asian market to increase sales.
sākt mācīties
The group of potential customers for a product or service.
Trade-off
The company made a trade-off between quality and affordability to attract budget-conscious consumers.
sākt mācīties
A situation where one benefit is given up to gain another.
Differentiation
Tesla uses differentiation by focusing on innovative electric car technology
sākt mācīties
A strategy where a business makes its product unique to stand out.
Boundaries
Uber went beyond traditional industry boundaries by combining technology and transportation.
sākt mācīties
The limits within which a business operates
Value Innovation
Airbnb used value innovation by offering affordable lodging without owning any properties.
sākt mācīties
Creating new market value while reducing costs.
Red Ocean Strategy
McDonald's follows a red ocean strategy by competing in the fast-food industry.
sākt mācīties
Competing in an existing market with many rivals.
Blue Ocean Strategy
Netflix used a blue ocean strategy by pioneering online streaming.
sākt mācīties
Creating a new market space with little competition.
Competitive Advantage
Amazon’s fast delivery service gives it a strong competitive advantage.
sākt mācīties
A unique factor that makes a company more successful.
Customer Demand
The demand for electric vehicles has increased due to environmental concerns.
sākt mācīties
The desire and ability of consumers to purchase a product.
Thriving Market
The e-commerce industry is a thriving market due to the rise of online shopping.
sākt mācīties
A market with high sales and growth potential.
Fierce Competition
Streaming platforms like Netflix and Disney+ face fierce competition.
sākt mācīties
Intense rivalry between businesses. Example: "Streaming platforms like Netflix and Disney+ face fierce competition.
Chart a Course
The CEO charted a course for global expansion.
sākt mācīties
To create a plan for future success.
Reap the Benefits
After years of innovation, the company is reaping the benefits with high profits.
sākt mācīties
To gain rewards after making an effort.
Pursue Differentiation
Luxury brands pursue differentiation by emphasizing quality and exclusivity.
sākt mācīties
To develop unique qualities in a product or service.

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