A Focused Low-Cost Strategy Seeks to Achieve Competitive Advantage By

question 50

Multiple Choice

A focused low-cost strategy seeks to achieve competitive advantage by:

• A) outmatching competitors in offering niche members an absolute rock-bottom price.
• B) delivering more value for the money than other competitors.
• C) performing the primary value chain activities at a lower cost per unit than can the industry's low-cost leaders.
• D) dominating more market niches in the industry via a lower cost and a lower price than any other rival.
• E) serving buyers in a narrow piece of the total market (target market niche)at a lower cost and lower price than rivals.

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Definitions:

Maladaptation

Behavior or traits that are counterproductive to an individual's well-being or survival in a particular environment.

Discipline

The practice of training people to obey rules or a code of behavior, using punishment to correct disobedience.

Inspecting

The process of examining something closely in order to gain information.

Unrestricted

Free from limitations, controls, or restrictions; allowing complete freedom of movement, action, or use.