A generic strategy to become an industry's overall low-cost provider would not be particularly well-matched to a customer-market characterized by
A)offerings of rival firm that are essentially identical and readily available from many eager sellers.
B)limited possibilities to achieve differentiation that have value to buyers.
C)price competition among rival sellers is especially vigorous.
D)widely varying buyers' needs and special requirements, and the prices of substitute products are relatively high.
E)a few, large-volume buyers account for the preponderance of industry sales.

Question

Quizplus · Accepted Answer

A generic low-cost strategy would not work well if there are widely varying buyers' needs and special requirements, as it may not be able to fulfill all these specific demands. Additionally, if substitute products are relatively high-priced, customers may not be as price-sensitive, which means that a low-cost strategy may not be the best value proposition for them.

A Generic Strategy to Become an Industry's Overall Low-Cost Provider