A firm pursuing a best-cost provider strategy
A)seeks to be the low-cost provider in the largest and fastest growing (or best)market segment.
B)tries to have the best cost (as compared to rivals)for each activity in the industry's value chain.
C)tries to outcompete a low-cost provider by attracting buyers on the basis of charging the best price.
D)seeks to deliver superior value to buyers by satisfying their expectations on key attributes and beating rivals in meeting customer expectations on price.
E)seeks to achieve the best costs by using the best operating practices and incorporating the best features and attributes.

Question

Quizplus · Accepted Answer

A firm pursuing a best-cost provider strategy aims to provide superior value to customers by meeting their expectations on key attributes and beating rivals in meeting customer expectations on price. This strategy combines elements of both low-cost provider and differentiation strategies. The firm aims to deliver the best value for the price by providing features and attributes that customers value, while keeping costs low through efficient operations.

A Firm Pursuing a Best-Cost Provider Strategy