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:

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939 in response to the Great Depression.

First Hundred Days

Often refers to the beginning period of a presidential term in the United States, where the administration's goals, plans, and achievements are closely watched and assessed.

White Supremacist South

Refers to the historical period and ideological stance in the southern United States that promoted white dominance and racial segregation.

Northern African-Americans

African-American individuals or communities residing in the northern regions of the United States, often associated with migration patterns such as the Great Migration.