Question: Question 1 A best - cost provider strategy is an ideal strategy for competing in large, fast - growing market segments where rapid product innovation
Question
A bestcost provider strategy
is an ideal strategy for competing in large, fastgrowing market segments where rapid product innovation is the norm.
seeks to defeat a lowcost provider strategy by attracting buyers on the basis of charging the best price for the best product
produced at the best cost.
is a middle ground competitive approach aimed squarely at the sometimes great mass of valueconscious buyers looking for a
goodtoverygood product or service at an economical price.
aims at achieving the best cost as compared to rivals for each activity in the industry's value chain.
seeks to achieve the best costs by using the best operating practices and incorporating the best features and attributes.
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