Solved

The Objective of a Best-Cost Provider Strategy Is to

Question 65

Multiple Choice

The objective of a best-cost provider strategy is to


A) deliver superior value to buyers by satisfying their expectations on key quality/performance/features/service attributes and beating their expectations on price (given what rivals are charging for much the same attributes) .
B) offer buyers the industry's best-performing product at the best cost and best (lowest) price in the industry.
C) attract 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) outcompete rivals using low-cost provider strategies.
E) translate its best-cost status into achieving the highest profit margins of any firm in the industry.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions