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The primary purpose of the passage is to:

A. Highlight the necessity of favoring a blue ocean strategy over a red ocean strategy for business survival

B. Describe how a blue ocean strategy can redefine the conventional boundaries of an industry

C. Present arguments in favor of overlooking market competition since a blue ocean strategy can make it irrelevant

D. Highlight the strong profit potential associated with a blue ocean strategy

E. Emphasize the importance of coming up with radical innovations in order to implement a blue ocean strategy

DUIBAউৎপাদন ব্যবস্থাপনা ও বিপণন দ্বিতীয় পত্রবিপণন পরিচিতিবিপণনের ধারণা, উদ্দেশ্য ও কার্যাবলী (Topic Practice)DU - ⚡ অনলাইন প্রশ্নব্যাংক দেখুন 💥

Explanation: The passage describes the Blue Ocean strategy, contrasting it with the Red Ocean strategy, using examples (Cirque du Soleil, Southwest Airlines) to show how it 'reinvented the circus' and 'expanded the boundaries of an existing industry,' which aligns with redefining conventional boundaries.