A firm pursuing a best$-$cost provider strategy

Multiple Choice

achieves competitive advantage because its operating activities are "best$-$in$-$class" or "best$-$in$-$world."

seeks a "middle of the road" strategic approach that attempts to satisfy the product or service needs of consumers with average household incomes.

follows a hybrid strategy based upon superior resources and a narrow market niche.

tries to have the best cost $($as compared to rivals$)$ for each activity in the industry's value chain.