Question

For a best-cost provider strategy to be successful, a company must have________________.a. excellent supply chain capabilities and product design expertise.b. economies of scope or greater scale economies than rivals.c. a superior value chain configuration and unmatched efficiency in managing essential value chain activities.d. superior product innovation skills and manufacturing capabilities. a short, low-cost value chain.

Answer 1

The correct answer is letter "C": a superior value chain configuration and unmatched efficiency in managing essential value chain activities.

Step-by-step explanation:

The best cost-provider strategy is developed by a company when the organization pursues providing a good or service with higher quality than its competitors and reducing costs at the same time. The firm would be creating a comparative advantage by giving customers more value to their money by purchasing a better product.

Answer 2

a superior value chain configuration and unmatched efficiency in managing essential value chain activities

Step-by-step explanation:

Best cost-provider strategy is when a company aims to provide more valuable products than competitors with lowest cost, at a price that is lower than the lowest prices of those seeking differentiation.

To provide added value at low prices, they must have superior value chain configuration and efficiency.