The Competitive Objective of a Best-Cost Provider Strategy Is to

question 34

Multiple Choice

The competitive objective of a best-cost provider strategy is to

• A)outmatch the resource strengths of both low-cost providers and differentiators.
• B)position the company outside the competitive arena of low-cost producers and differentiators.
• C)meet or exceed buyer expectations on key quality/performance/features/service attributes and beat their expectations on price (given what rivals are charging for much the same attributes).
• D)deliver superior value to buyers by doing such a good job of cost control that it ends up with the best cost (as compared to rivals)in performing each activity in its value chain.
• E)identify and concentrate on those differentiating features that are inexpensive to incorporate.

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Definitions:

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Surface/Source Traits

describe personality attributes observable in behavior (surface traits) and the underlying reasons for those behaviors (source traits).

Common/Unique Traits

Attributes or characteristics that can be widely shared among individuals or distinctively unique to an individual.

Obvious/Hidden

Pertains to phenomena or characteristics that are readily apparent versus those that are concealed or not immediately noticeable.