Question

Striving to be the low-cost provider is a particularly attractive competitive strategy when Multiple Choice managers must launch a concerted, ongoing effort to ferret out cost-saving opportunities in every part of the value chain, for example, cost drivers such as number of products in the product line, capacity utilization, production technology and design, and labor productivity and compensation costs. most rivals are trying to differentiate their product offering from those of rivals. there are many ways to achieve higher product quality that have value to buyers. buyers are not swayed by advertising and are not very brand loyal. most rivals are pursuing best-cost or broad differentiation strategies.

Answer 1

managers must launch a concerted, ongoing effort to ferret out cost-saving opportunities in every part of the value chain, for example, cost drivers such as number of products in the product line, capacity utilization, production technology and design, and labor productivity and compensation costs.

Answer: Option A.

Explanation:

A low cost provider tries to sell its items at the most minimal value it can, while as yet causing a benefit so it to can attract clients to the market. This is the wide form of the ease methodology on the grounds that such organizations attempt to engage an expansive market.

A low cost approach is more than just an open door for current clients to purchase similar products for less. Offering a constrained scope of items without settling on quality is another basic mainstay of some minimal effort plans of action.