Which of the following statements about a best cost provider strategy is false

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. 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. A best-cost provider strategy aims at attracting buyers on the basis of having the industrys 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. Which of the next statements a couple of best-cost supplier technique is fake? Being a best-cost supplier is completely different from being a low-cost supplier. The goal marketplace for a best-cost supplier is value-conscious buyers–buyers on the lookout for interesting extras and performance at an appealingly low value. Until an organization has the sources and capabilities to include upscale services or products attributes at a decrease price than rivals, adopting a best-cost technique is ill-advised as a result of the corporate lacks means to execute it. The aggressive benefit of a best-cost supplier is decrease prices than rivals in incorporating upscale attributes, thus placing the corporate able to underprice rivals whose merchandise have related upscale attributes. A best-cost supplier technique goals at attracting patrons on the idea of getting the {industry}’s total best-performing product and charging a value that’s barely beneath the industry- common value. Copying, redistributing, or web site posting is expressly prohibited and constitutes copyright violation.

Reply –
5​​​th
assertion a couple of greatest price supplier is fake.

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A best-cost supplier technique goals at attracting patrons on the
foundation of getting the industriy’s total greatest performing product and
charging a value that’s barely beneath the {industry} common
value.

Conclusion

One of the best-cost provider technique is also known as the
‘best-cost technique’ and the best-cost technique is to extend the
high quality of products whereas decreasing prices. This strategy is utilized to
give “extra worth for the cash” to prospects. It’s completed by
assembly the expectations of shoppers about key product
attributes.

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