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:

Stock Market

A collection of markets and exchanges where the buying, selling, and issuance of shares of publicly held companies take place.

Initial Public Offerings

The process where a private company offers shares of stock to the public for the first time.

Investment

The allocation of resources, usually financial, in expectation of future returns.

Inventory

The total amount of goods and materials held by a business, intended for sale or used in production.