Best-cost provider strategies are:
A) a hybrid of low-cost provider and differentiation strategies that aim at providing desired quality/features/performance/service attributes while beating rivals on price.
B) rewarded by providing buyers with the best attributes at the best cost.
C) those strategy elements related to the low-cost provider in the largest and fastest growing (or best)market segment.
D) those that stake out a middle ground between a focused advantage and low-cost advantage and appeal to broad market segments and narrowly defined customer propositions.
E) All of these

Question

Quizplus · Accepted Answer

Best-cost provider strategies seek to provide both desired quality/features/performance/service attributes and lower prices compared to rivals. This makes it a hybrid of low-cost provider and differentiation strategies, as stated in option A. Option B is incorrect as the reward is not the focus of the strategy, but rather providing the best attributes at a low cost. Option C is incorrect as it only focuses on the low-cost provider element and does not consider differentiation. Option D is incorrect as it describes a hybrid of focused advantage and differentiation strategies and does not mention cost.

Best-Cost Provider Strategies Are