Business Model

A new startup in the tourism industry has developed an app that allows travelers to book unique local experiences directly from residents, bypassing traditional tour operators. Which business strategy is this startup employing?

• Lean Startup

• Disruptive Innovation

• Porter's Generic Strategies

• Red Ocean Strategy

A travel agency is testing a new eco-tourism package in a small market to gather feedback before launching it nationwide. Which methodology is the travel agency using?

• Agile Strategy

• Blue Ocean Strategy

• Lean Startup

• Customer-Centric Strategy

A budget airline offers the lowest fares in the market by minimizing operational costs and maximizing efficiency. Which of Porter's Generic Strategies is the airline using?

• Differentiation

• Focus

• Cost Leadership

• Value Innovation

A hotel chain introduces a new concept of affordable luxury accommodations with modern design and high-tech amenities, creating a new market space. Which strategy is the hotel chain applying?

• Red Ocean Strategy

• Value Innovation

• Customer-Centric Strategy

• Disruptive Innovation

A theme park designs its attractions and services based on extensive customer feedback to ensure high levels of satisfaction and repeat visits. Which strategy is the theme park using?

• Lean Startup

• Agile Strategy

• Customer-Centric Strategy

• Blue Ocean Strategy

A travel agency continuously updates its tour packages based on real-time customer feedback and market trends. continuously updates its tour packages based on real-time customer feedback and market trends. Which strategy is the travel agency employing?

• Agile Strategy

• Disruptive Innovation

• Porter's Generic Strategies

• Value Innovation

A cruise company offers unique onboard experiences such as surfing and skydiving, creating a new niche in the travel industry. Which strategy is the cruise company using?

• Red Ocean Strategy

• Blue Ocean Strategy

• Cost Leadership

• Customer-Centric Strategy

A traditional travel agency competes by offering competitive pricing and extensive travel packages in a saturated market. Which strategy is the travel agency using?

• Red Ocean Strategy

• Blue Ocean Strategy

• Lean Startup

• Value Innovation

A company introduces a new platform that allows travelers to book accommodations directly from homeowners, challenging the traditional hotel industry. Which strategy is the company employing?

• Customer-Centric Strategy

• Disruptive Innovation

• Agile Strategy

• Porter's Generic Strategies

A hotel chain focuses on creating new value for customers by offering affordable luxury accommodations with a focus on modern design and technology. Which strategy is the hotel chain applying?

• Red Ocean Strategy

• Value Innovation

• Customer-Centric Strategy

• Disruptive Innovation