A Competitive Strategy of Striving to Be the Low-Cost Provider

question 7

Multiple Choice

A competitive strategy of striving to be the low-cost provider is particularly attractive when

• A)buyers are not very price-conscious.
• B)most rivals are trying to be best-cost providers.
• C)there are many ways to achieve product differentiation that have value to buyers.
• D)most buyers use the product in much the same ways, with user requirements calling for a standardized product.
• E)most rivals are pursuing focused low-cost or focused differentiation strategies.

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Definitions:

Model Of Attention

Conceptual frameworks that describe how humans focus cognitive resources on specific stimuli while ignoring others.

Unattended Stream

Information or sensory input that is not actively being focused on or processed by the conscious mind.

Attentional Capture

The involuntary redirecting of attention towards a specific stimulus without intentional control.

Attentional Resources

Cognitive capacity or energy available at a given time for processing information and performing tasks.