A Competitive Strategy of Striving to Be the Low-Cost Provider

question 7

Multiple Choice

A competitive strategy of striving to be the low-cost provider is particularly attractive when

• A)buyers are not very price-conscious.
• B)most rivals are trying to be best-cost providers.
• C)there are many ways to achieve product differentiation that have value to buyers.
• D)most buyers use the product in much the same ways, with user requirements calling for a standardized product.
• E)most rivals are pursuing focused low-cost or focused differentiation strategies.

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Definitions:

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Culture Dependent

Pertaining to phenomena, behaviors, or patterns that are heavily influenced or determined by cultural factors.

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