The objective of a best-cost provider strategy is to
A)deliver superior value to value-conscious buyers at a comparatively lower price than rivals.
B)offer buyers the industry's best-performing product at the best cost and best (lowest)price in the industry.
C)attract buyers on the basis of having the industry's overall best-performing product at a price that is slightly below the industry-average price.
D)outcompete rivals using low-cost provider strategies.
E)translate its best-cost status into achieving the highest profit margins of any firm in the industry.

Question

Quizplus · Accepted Answer

The objective of a best-cost provider strategy is to deliver superior value to value-conscious buyers at a comparatively lower price than rivals. This allows the company to simultaneously provide better quality and lower prices than its competitors, which attracts cost-conscious customers who also value quality.

The Objective of a Best-Cost Provider Strategy Is to