The Objective of a Best-Cost Provider Strategy Is to

question 18

Multiple Choice

The objective of a best-cost provider strategy is to

• A) deliver superior value to buyers by satisfying their expectations on key quality/performance/features/service attributes and beating their expectations on price.
• B) offer buyers the industry's best-performing product at the best cost and best (lowest)price in the industry.
• C) attract 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) outcompete rivals using low-cost provider strategies.
• E) translate its best-cost status into achieving the highest profit margins of any firm in the industry.

---

Definitions:

Site Specific

Artwork or installations created to exist in a certain place, often designed to interact with its surroundings in terms of scale, material, or theme.

Do-Ho Suh

A South Korean sculptor and installation artist known for his life-size fabric sculptures and installations that explore themes of home, identity, and personal space.

El Anatsui

A contemporary artist from Ghana, known for his large-scale sculptures fashioned from thousands of pieces of metal, often recycled liquor bottle caps.

Bottle Caps

Used creatively in art, especially in African and contemporary art, to make sculptures and decorative items, symbolizing recycling and innovation.