A Low-Cost Provider's Product Does NOT Have to Always

question 81

Multiple Choice

A low-cost provider's product does NOT have to always:

• A) contain enough attributes to be attractive to prospective buyers.
• B) suggest that a low price,by itself,is not always that appealing to buyers.
• C) a signal value to buyers.
• D) provide high margins per unit sold to bring in enough unit sales.
• E) be valuable and appealing to a wide range of buyers.

---

Definitions:

Extrinsic

Relating to external factors or rewards that motivate behavior, such as money, grades, or recognition, as opposed to intrinsic motivation which comes from within the individual.

Flextime

A flexible work schedule arrangement that allows employees to alter their start and end times, typically to accommodate personal needs and improve work-life balance.

Specified Limits

Predetermined boundaries or parameters that define acceptable levels of variation for process outputs, quality standards, or other measurable factors.

Self-actualization

The attainment or realization of personal skills and potential, regarded as a basic impulse or demand in everyone.