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

Question

Quizplus · Accepted Answer

The production-based emphasis on low-cost provider strategy requires a company to continuously strive for cost reductions without sacrificing acceptable quality and essential features. This means that the company needs to focus on reducing their production costs while still ensuring that their products meet the minimum quality standards and essential features required by the consumers. The other options do not necessarily align with the low-cost provider strategy.

At the Heart of a Production-Based Emphasis Toward a Low-Cost