For a Best-Cost Provider Strategy to Be Successful, a Company

question 58

Multiple Choice

For a best-cost provider strategy to be successful, a company must have

• A)excellent marketing and sales skills in convincing buyers to pay a premium price for the attributes/features incorporated in its product.
• B)resource strengths and competitive capabilities that allow it to incorporate upscale attributes at lower costs than rivals whose products have similar upscale attributes.
• C)access to greater learning/experience curve effects and scale economies than rivals.
• D)one of the best-known and most respected brand names in the industry.
• E)a short, low-cost value chain.

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Definitions:

Lifecycle Stages

The distinct phases through which an organism or entity passes during its existence, from inception to conclusion.

Hierarchies

Systems of organization where entities are ranked according to levels of importance or status.

Psychodynamic Defense Mechanisms

Strategies employed by the unconscious mind to protect the individual from anxiety and unacceptable thoughts and feelings, delineated within psychodynamic theories of psychology.

Maladaptive

Behaviors or thoughts that may be counterproductive or inhibit a person's ability to adjust healthily to particular situations.