Which of the following statements about a best-cost provider strategy is false? Being a best-cost provider...

Transcribed Image Text:

Which of the following statements about a best-cost provider strategy is false? Being a best-cost provider is different from being a low-cost provider. The target market for a best-cost provider is value-conscious buyers--buyers looking for appealing extras and functionality at an appealingly low price. Unless a company has the resources and capabilities to incorporate upscale product or service attributes at a lower cost than rivals, adopting a best-cost strategy is ill-advised because the company lacks ability to execute it. O The competitive advantage of a best-cost provider is lower costs than rivals in incorporating upscale attributes, thus putting the company in a position to underprice rivals whose products have similar upscale attributes. OA best-cost provider strategy aims at attracting buyers on the basis of having the industry's overall best-performing product and charging a price that is slightly below the industry- average price. Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation. Conuright 2000: Which of the following statements about a best-cost provider strategy is false? Being a best-cost provider is different from being a low-cost provider. The target market for a best-cost provider is value-conscious buyers--buyers looking for appealing extras and functionality at an appealingly low price. Unless a company has the resources and capabilities to incorporate upscale product or service attributes at a lower cost than rivals, adopting a best-cost strategy is ill-advised because the company lacks ability to execute it. O The competitive advantage of a best-cost provider is lower costs than rivals in incorporating upscale attributes, thus putting the company in a position to underprice rivals whose products have similar upscale attributes. OA best-cost provider strategy aims at attracting buyers on the basis of having the industry's overall best-performing product and charging a price that is slightly below the industry- average price. Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation. Conuright 2000:

Answer rating: 100% (QA)

ANSWER A Being a best cost provider is different from being low cost provider Bestcost strategy comb... View the full answer