Question

The competitive objective of a best-cost provider strategy is to:

A. outmatch the resource strengths of both low-cost providers and differentiators.
B. position the company outside the competitive arena of low-cost producers and differentiators.
C. meet or exceed buyer expectations on key quality/performance/features/service attributes and beat their expectations on price (given what rivals are charging for much the same attributes).
D. deliver superior value to buyers by doing such a good job of cost control that it ends up with the best cost (as compared to rivals) in performing each activity in its value chain.
E. identify and concentrate on those differentiating features that are inexpensive to incorporate.

Answer 1

The competitive objective of a best-cost provider strategy is to meet or exceed buyer expectations on key attributes while offering a lower price than competitors. This strategy allows the company to attract a broad range of customers and gain a competitive advantage.

Step-by-step explanation:

The competitive objective of a best-cost provider strategy is to meet or exceed buyer expectations on key quality/performance/features/service attributes and beat their expectations on price (given what rivals are charging for much the same attributes).

For example, a company implementing a best-cost provider strategy may offer a product or service that is of high quality but at a lower price compared to competitors offering similar attributes or features. By doing so, the company aims to deliver superior value to buyers and gain a competitive advantage.

This strategy positions the company within the competitive arena of both low-cost providers and differentiators, allowing it to attract a broad range of customers.