A Focused Low-Cost Strategy Seeks to Achieve Competitive Advantage by

question 82

Multiple Choice

A focused low-cost strategy seeks to achieve competitive advantage by

• A) outmatching competitors in offering niche members an absolute rock-bottom price.
• B) delivering more value for the money than other competitors.
• C) performing the primary value chain activities at a lower cost per unit than can the industry's low-cost leaders.
• D) dominating more market niches in the industry via a lower cost and a lower price than any other rival.
• E) serving buyers in the target market niche at a lower cost and lower price than rivals.

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Definitions:

Inventory

The cumulative inventory of products and materials retained by a business for selling or for use in manufacturing.

Unearned Rent Revenue

Represents income received by a property owner for which the services (rental period) have not yet been provided.

Cash

Money in the form of currency that can include banknotes and coins, held in the immediate possession of or in bank accounts for the entity.

Rent

Payment made periodically by a lessee to a lessor for the use of land, buildings, or other property.