A Competitive Strategy to Be the Low-Cost Provider in an Industry

Multiple Choice

A competitive strategy to be the low-cost provider in an industry works well when

A) price competition among rival sellers is especially vigorous.
B) commodity-based product prevails and minimal differentiation exists.
C) buyers incur low costs in switching their purchases from one seller or brand to another.
D) industry newcomers use low introductory prices to attract buyers and build a customer base.
E) All of these choices are correct.