Which of the Following Is an Example of an Organization

question 47

Multiple Choice

Which of the following is an example of an organization that follows Porter's Best-Cost Provider Strategy?

• A) a hamburger served by a waiter on a plate with potato salad
• B) a hamburger and fries in a paper bag served by the drive-through operator
• C) a hamburger and baked potato placed on a tray and served by the take-out counter clerk
• D) a hamburger and baby greens salad in a plastic bubble package bought at the grocery store

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Definitions:

Producer

An individual, company, or entity that creates goods or provides services.

Total Cost

The entirety of expenses, fixed and variable, involved in the production of services or goods.

Market Price

The existing value at which an asset or service may be sold or acquired in a trading environment.

Sellers

Individuals or entities that offer goods or services for sale.