The aim of the best-cost provider strategy is to create a competitive advantage by
A)incorporating attractive or upscale product attributes at a lower cost than rivals.
B)offering buyers the industry's best-performing product at the best cost and best (lowest)price in the industry.
C)attracting 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)outcompeting rivals using low-cost provider strategies.
E)translating its best-cost status into achieving the highest profit margins of any firm in the industry.

Question

Quizplus · Accepted Answer

The best-cost provider strategy aims to offer products with attractive or upscale attributes at a lower cost than rivals. This creates a competitive advantage by providing unique features at a lower price, appealing to a wider range of customers.

The Aim of the Best-Cost Provider Strategy Is to Create