To profitably employ a best-cost provider strategy, a company must have the resources and capabilities to
A) sell a product with the best cost at the best price.
B) have the best cost (as compared to rivals) for each activity in the industry's value chain.
C) provide buyers with the best attributes at the best cost.
D) incorporate attractive or upscale attributes into its product offering at a lower cost than rivals.
E) do a better job than rivals of adopting the best operating practices.
Correct Answer:
Verified
Q67: What sets focused (or market niche)strategies apart
Q68: Differentiation strategies
A)strive to create value for customers.
B)offer
Q69: A focused low-cost strategy can lead to
Q70: A low-cost provider strategy can defeat a
Q71: A pitfall to avoid in pursuing a
Q73: The major difference between a low-cost provider
Q74: Focusing the ability can secure a competitive
Q75: A broad differentiation strategy is generally not
Q76: A firm pursuing a best-cost provider strategy
A)seeks
Q77: Market circumstances that make a focused low-cost
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