The competitive objective of a best-cost provider strategy is to
A)outmatch the resource strengths of both low-cost providers and differentiators.
B)position the company outside the competitive arena of low-cost producers and differentiators.
C)meet or exceed buyer expectations on key quality/performance/features/service attributes and beat their expectations on price (given what rivals are charging for much the same attributes).
D)deliver superior value to buyers by doing such a good job of cost control that it ends up with the best cost (as compared to rivals)in performing each activity in its value chain.
E)identify and concentrate on those differentiating features that are inexpensive to incorporate.

Question

Quizplus · Accepted Answer

C) is correct because a best-cost provider strategy aims to offer products or services that meet or exceed buyer expectations in terms of quality, features, or service, while also offering a better price compared to competitors. This strategy seeks to provide superior value by balancing good quality and features with a lower price, appealing to customers looking for both.

The Competitive Objective of a Best-Cost Provider Strategy Is to