Which of the following actions would an organization take if it decides to pursue a best-cost provider strategy?
A) offering the best prices in its industry on its goods and/or services
B) attempting to gain monopoly in the market by means of an unhealthy competition
C) offering products or services of reasonably good quality at competitive prices
D) providing high quality products at low prices in specific markets
E) offering low quality products at low prices with high quality after-sales services

Question

Quizplus · Accepted Answer

Pursuing a best-cost provider strategy involves offering products or services of reasonably good quality at competitive prices. The organization seeks to provide better value to customers than its competitors while maintaining a reasonable level of quality. This allows the organization to appeal to both price-sensitive customers and those who are concerned with quality. A best-cost provider strategy does not involve offering the lowest prices or low-quality products. It also does not involve engaging in unhealthy competition or attempting to gain a monopoly.

Which of the Following Actions Would an Organization Take If