A firm pursuing a best-cost provider strategy A. seeks to achieve the best costs by using the best operating practices and incorporating the best features and attributes. B. tries to have the best cost (as compared to rivals) for each activity in the industry's value chain. C. seeks to be the low-cost provider in the largest and fastest growing (or best) market segment. D. seeks to deliver superior value to buyers by satisfying their expectations on key attributes and beating rivals in meeting customer expectations on price. E. tries to outcompete a low-cost provider by attracting buyers on the basis of charging the best price.

Question

Business

Kenyon Blackwell

7 July, 22:53

A firm pursuing a best-cost provider strategy A. seeks to achieve the best costs by using the best operating practices and incorporating the best features and attributes. B. tries to have the best cost (as compared to rivals) for each activity in the industry's value chain. C. seeks to be the low-cost provider in the largest and fastest growing (or best) market segment. D. seeks to deliver superior value to buyers by satisfying their expectations on key attributes and beating rivals in meeting customer expectations on price. E. tries to outcompete a low-cost provider by attracting buyers on the basis of charging the best price.

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Bernard Middleton · Answer 1

The correct answer is letter "D": seeks to deliver superior value to buyers by satisfying their expectations on key attributes and beating rivals in meeting customer expectations on price.

Explanation:

Best-cost provider is a strategy by which suppliers attempt to provide consumers with high-quality products using methods of production that reduce costs. By doing so, suppliers would give more value to the money of their customers while meeting their expectations on the product purchased at the same time.

As production costs are lower, suppliers would be generating a comparative advantage.