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.

---

Definitions:

Job Enrichment

Enhancing a job by adding more meaningful tasks and duties to make the work more rewarding or satisfying.

Career Launch

The initiation phase of one's professional journey, often involving the first significant job or position in a chosen field.

No Experience

Refers to a lack of previous involvement or knowledge in a specific area or task.

Tri-Party Agreements

Tri-party agreements are contracts involving three parties, where one party agrees to fulfill a condition to the second party based on a condition enforced by the third party.