A Competitive Strategy of Striving to Be the Low-Cost Provider

question 8

Multiple Choice

A competitive strategy of striving to be the low-cost provider is particularly attractive when

• A) buyers are not price sensitive.
• B) the industry is made up of a large number or equal-sized rivals.
• C) there are many ways to achieve product differentiation that have value to buyers.
• D) price competition is especially vigorous,buyers have low switching costs,and the majority of industry sales are made to a few,large volume buyers.
• E) switching costs are high,price competition is strong,and buyers tend to use the industry's products in many different ways.

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Definitions:

Digastric

A small muscle located under the jaw that plays a role in the opening of the mouth and the depression of the mandible.

Gastrocnemius

A large muscle located in the back part of the lower leg, forming part of the calf and responsible for flexing the foot and bending the knee.

Orbicularis Oculi

A circular muscle around the eye socket that allows for the closing of the eyes.

Gluteus Maximus

The largest and most superficial of the three gluteal muscles, significantly involved in the movement and stability of the hip and thigh.