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Unformatted text preview: t forms but the same functionality or core utility.
Cars and buses, for example, are substitutes because they have the same function: going from one place to
another quickly. T
Tagline is a phrase that captures the essence of the “to be” strategy in a way that speaks forcefully to both a
company’s employees and the target mass of buyers. A blue ocean strategy has a clear-cut and compelling
tagline. A compelling tagline ensures that the strategy makes senses. It helps customers identify immediately
what is offered, and it helps employees identify what they should concentrate on, thereby, bringing focus to the
execution of the strategy. Target Costing is the process of actively searching for ways to minimize an offering’s costs to meet the
predetermined strategic price and profit margin. Many companies take the reverse path: looking at their
product’s cost, they add their desired margin to create their price. This usually leads to a price that is not
attractive to the mass of t...
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This note was uploaded on 10/21/2012 for the course ECON 45 taught by Professor Mikel during the Spring '12 term at Art Institute of Atlanta.
- Spring '12