Question

Giving customers more value for the money by satisfying their expectations on key quality features, performance, and/or service attributes while beating their price expectations is a____________

Answer 1

Answer: The correct answer is BEST-COST PROVIDER STRATEGY

Explanation: A best-cost provider strategy is a strategy to be a leader in the industry Andy be successful. It involves giving customers more value for their more by retaining quality but reducing the price.

A typical example of the best-cost provider strategy can be seen between Toyota and Mercedes Benz. With both having great and key quality features but Toyota beating price expectations.