A firm pursuing a best-cost provider strategy
A) seeks to offer more value-adding features than the industry's low-cost providers and lower prices than those pursuing differentiation.
B) achieves competitive advantage because its operating activities are best-in-class or best-in-world.
C) tries to have the best cost (as compared to rivals) for each activity in the industry's value chain.
D) opts for a middle-of-the-road strategic approach that attempts to satisfy the product or service needs of consumers with average household incomes.
E) follows a hybrid strategy based upon superior resources and a narrow market niche.
Correct Answer:
Verified
Q43: A company's biggest vulnerability in employing a
Q44: Success with a best-cost provider strategy designed
Q45: A focused differentiation strategy aims at securing
Q46: What sets focused (or market niche)strategies apart
Q47: The advantages of focusing a company's entire
Q48: A focused low-cost strategy seeks to achieve
Q50: For a best-cost provider strategy to be
Q51: The target market of a best-cost provider
Q52: The aim of the best-cost provider strategy
Q53: Which of the following are not distinguishing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents