Best-Cost Provider Strategies Are

question 101

Multiple Choice

Best-cost provider strategies are:

• A) a hybrid of low-cost provider and differentiation strategies that aim at providing desired quality/features/performance/service attributes while beating rivals on price.
• B) rewarded by providing buyers with the best attributes at the best cost.
• C) those strategy elements related to the low-cost provider in the largest and fastest growing (or best)market segment.
• D) those that stake out a middle ground between a focused advantage and low-cost advantage and appeal to broad market segments and narrowly defined customer propositions.
• E) All of these

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Definitions:

Special Identity

A unique or distinct character or personality that sets an individual, group, or entity apart from others.

Path of Development

The course or trajectory that an individual, organization, or project follows in order to achieve growth, progress, or advancement.

Demographic Challenge

Issues or problems faced by organizations or societies due to changes in population structure, such as aging populations or changing birth rates.

Diversity

The inclusion and representation of individuals from a variety of backgrounds, including ethnicity, gender, age, sexual orientation, and others in a workplace or community.