A production-based emphasis toward a low-cost provider strategy usually requires a company to strive for
A)product superiority.
B)continuous cost reductions without sacrificing acceptable quality and essential features.
C)small-scale production or custom-made products that match the tastes and requirements of niche members.
D)appealing features and better quality at lower costs than rivals.
E)whatever differentiating features buyers are willing to pay for.

Question

Quizplus · Accepted Answer

A low-cost provider strategy requires the company to continuously reduce costs without sacrificing acceptable quality and essential features to be able to offer lower prices than rivals. This is achieved through a focus on production-based efficiency and cost control measures. Therefore, option B is the best choice.

A Production-Based Emphasis Toward a Low-Cost Provider Strategy Usually Requires