The Aim of the Best-Cost Provider Strategy Is to Create

question 6

Multiple Choice

The aim of the best-cost provider strategy is to create a competitive advantage by

• A)incorporating attractive or upscale product attributes at a lower cost than rivals.
• B)offering buyers the industry's best-performing product at the best cost and best (lowest)price in the industry.
• C)attracting buyers on the basis of having the industry's overall best-performing product at a price that is slightly below the industry-average price.
• D)outcompeting rivals using low-cost provider strategies.
• E)translating its best-cost status into achieving the highest profit margins of any firm in the industry.

---

Definitions:

Rock-forming Minerals

Minerals that make up a significant part of the Earth’s crust, playing a key role in the formation of rocks.

Argonites

A misspelling or incorrect term for aragonite, which is a carbonate mineral, one of the two most common, naturally occurring, crystal forms of calcium carbonate, CaCO3 (the other being calcite).

Carbonates

Rocks or minerals that contain abundant carbonate.

Element C

Element C refers to Carbon, a chemical element with symbol C and atomic number 6, essential to all known living systems and widely used in various scientific, industrial, and technological applications.