For a Best-Cost Provider Strategy to Be Successful,a Company Must

question 42

Multiple Choice

For a best-cost provider strategy to be successful,a company must have

• A) excellent marketing and sales skills in convincing buyers to pay a premium price for the attributes/features incorporated in its product.
• B) the capability to incorporate upscale attributes at lower costs than rivals whose products have similar upscale attributes.
• C) access to greater learning and experience curve effects and scale economies than rivals.
• D) one of the best-known and most respected brand names in the industry.
• E) a short,low-cost value chain.

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Definitions:

Adventitia

The outermost layer of a blood vessel or organ, composed mainly of connective tissue.

Protein Digestion

The process by which proteins are broken down into their amino acid components, beginning in the stomach and continuing in the small intestine.

Chemical Digestion

The breakdown of food into smaller molecules by enzymatic action, allowing for nutrient absorption.

Fats Digested

The process by which fats are broken down by enzymes and bile acids in the digestive system.