Which of the following provides an example of a firm in a red ocean? chique apparel offered clothing at a low price but failed to differentiate its product as being exclusive. cheap apparel offered clothing at a price matching that of its competitors and, as a result, it had lower profit margins. top drawer apparel offered clothing at a higher price than competitors and, as a result, failed to make a profit. goode apparel offered clothing at a mid-range price but failed to differentiate its product as being of decent quality.