At the Heart of a Production-Based Emphasis Toward a Low-Cost

question 21

Multiple Choice

At the heart of a production-based emphasis toward a low-cost provider strategy usually requires a company to:

• A) strive for product superiority.
• B) strive for continuous cost reductions without sacrificing acceptable quality and essential features.
• C) strive for small-scale production or custom-made products that match the tastes and requirements of niche members.
• D) strive to build in appealing features and better quality at lower costs than rivals.
• E) All of these.

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Definitions:

MiFi

A portable broadband device that allows multiple end users and mobile devices to share a 3G or 4G mobile broadband Internet connection and create an ad-hoc network.

Bluetooth

A wireless technology standard for exchanging data over short distances from fixed and mobile devices, enabling the creation of personal area networks.

Peer-to-peer

A network architecture where all participants have equal privileges and communicate directly with each other, bypassing centralized servers.

5G Mobile Networks

The fifth generation of mobile networks, offering faster speeds, lower latency, and the ability to connect more devices simultaneously.