A Firm Pursuing a Best-Cost Provider Strategy

Multiple Choice

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.