For a best-cost provider strategy to be successful,a company must have
A)excellent marketing and sales skills in convincing buyers to pay a premium price for the attributes/features incorporated in its product.
B)the capability to incorporate upscale attributes at lower costs than its rivals whose products have similar upscale attributes.
C)access to greater learning and experience curve effects and scale economies than its rivals.
D)one of the best-known and most respected brand names in the industry.
E)a short,low-cost value chain.

Question

Quizplus · Accepted Answer

The success of a best-cost provider strategy hinges on a company's ability to provide upscale attributes at a lower cost than rivals with similar attributes. This requires efficient operations, effective cost management, and innovative production techniques. While marketing and branding can help support the strategy, they are not the primary factors in its success. Access to learning and experience curve effects and scale economies can also support the strategy, but again, they are not as critical as the ability to provide upscale attributes at a lower cost. A short, low-cost value chain can help, but it is not a guarantee of success.

For a Best-Cost Provider Strategy to Be Successful,a Company Must