asked 179k views
4 votes
Striving to be the low-cost provider is a particularly attractive competitive strategy when ___________.

1 Answer

4 votes

Answer:

Buyers are large and have significant power to bargain down prices.

Step-by-step explanation:

Low cost provider are the strategy to sell goods at the lowest cost possible, which help firms to gain more market share in the market and attract more customer, which can earn more profit for the firm. It is very helpful when number of buyer is very high and have the ability to bargain down the price of product. Low cost strategy will be attractive to buyer as they can switch at very low cost.

answered
User Amkhrjee
by
7.4k points
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