Which of the following is NOT an element of a Blue Ocean Strategy?

Ernesto the bike builder decides to open an online store to sell his custom-made bikes directly to consumers. He has just engaged in downstream vertical integration. 

Ernesto the bike builder decides to purchase the manufacturer of aluminum bike frames in order to guarantee the supply of this key component. He has just engaged in downstream vertical integration. 

________ innovation involves the simultaneous pursuit of differentiation AND low cost in a way that creates a leap in value both for the firm and consumers.

When applying the forward selection procedure for the variable selection inclusion in the regression model, the analyst must compare the ___ for each variable.

Multicollinearity is an issue happened when independent variables in the model are highly correlated.

When applying any of the variable selection procedure for the variable selection inclusion or exclusion in the regression model, the analyst must compare the p-values for each variable.

Consider a regression study involving a dependent variable y, a quantitative independent variable x1, and a categorical independent variable with four possible levels. To incorporate the categorical variable in the regression model, dummy variables are needed.

The value of the coefficient of determination will always increase when adding new independent variables to the multiple regression model.

In a multiple regression analysis involving 13 independent variables and 275 observations, SST = 900 and SSE = 405. What is the multiple coefficient of determination? (to 2 decimals)