Success with a best-cost provider strategy designed to outcompete high-end differentiators requires Select one: a. achieving significantly lower costs in providing the upscale features. b. achieving the lowest costs in the industry c. providing significantly better product attributes in order to justify a price above what low-cost leaders are charging d. matching the company's resources and capabilities to a low-cost provider status. e. motivating buyers to purchase upscale features that match rivals.

Question

Business

Kenny Hartman

9 October, 16:29

Success with a best-cost provider strategy designed to outcompete high-end differentiators requires Select one: a. achieving significantly lower costs in providing the upscale features. b. achieving the lowest costs in the industry c. providing significantly better product attributes in order to justify a price above what low-cost leaders are charging d. matching the company's resources and capabilities to a low-cost provider status. e. motivating buyers to purchase upscale features that match rivals.

+2

Answers (1)

Know the Answer?

Boston Schultz · Answer 1

a. achieving significantly lower costs in providing the upscale features.

Explanation:

For best cost provider strategy to be successful, it must be able to offer lower cost in making upscale features available, so that it can operate, and compete favourably with the high end differentiators on the advantage of lower price, also the quality of the product must be good, customers must enjoy attractive value proposition.