A firm pursuing a best$-$cost provider strategy

Multiple Choice

seeks to offer more value$-$adding features than the industry's low$-$cost providers and lower prices than

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

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

opts for a "middle$-$of$-$the$-$road" strategic approach that attempts to satisfy the product or service needs