The Competitive Advantage of a Best-Cost Provider Is

question 55

Multiple Choice

The competitive advantage of a best-cost provider is

• A) having the best value chain in the industry.
• B) its brand name reputation.
• C) its capability to incorporate upscale or attractive attributes into its product offering at lower costs than rivals.
• D) a distinctive competence in delivering top-notch quality and customer service.
• E) a distinctive competence in supply chain management.

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Definitions:

Purchases

The act of buying goods or services.

Product X

A placeholder name used to refer to a generic or unspecified product in economic and marketing contexts.

Rational Consumer

The theoretical concept of a consumer who always makes decisions that provide the greatest benefit or utility according to their preferences.

Equilibrium

A state of balance in a system where competing forces or influences are equal; in economics, it's where supply equals demand.