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A production-based emphasis toward a low-cost provider strategy usually requires a company to strive for O appealing features and better quality at lower costs than rivals. continuous cost reductions without sacrificing acceptable quality and essential features. ○ whatever differentiating features buyers are willing to pay for. O small-scale production or custom-made products that match the tastes and requirements of niche members. O product superiority.

A production-based emphasis toward a low-cost provider strategy usually requires a company to strive for O appealing features and better quality at lower costs than rivals. continuous cost reductions without sacrificing acceptable quality and essential features. ○ whatever differentiating features buyers are willing to pay for. O small-scale production or custom-made products that match the tastes and requirements of niche members. O product superiority.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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A production-based emphasis toward a low-cost provider strategy usually requires a company to strive for ○ appealing features and better quality at lower costs than rivals. continuous cost reductions without sacrificing acceptable quality and essential features. whatever differentiating features buyers are willing to pay for. ○ small-scale production or custom-made products that match the tastes and requirements of niche members. O product superiority.
Transcribed Image Text:A production-based emphasis toward a low-cost provider strategy usually requires a company to strive for ○ appealing features and better quality at lower costs than rivals. continuous cost reductions without sacrificing acceptable quality and essential features. whatever differentiating features buyers are willing to pay for. ○ small-scale production or custom-made products that match the tastes and requirements of niche members. O product superiority.
Imagine you are advising a local low-cost commercial construction business that is considering diversifying via acquisition into affordable residential construction. What would you not say is a typical strategic objective or benefit that could be derived from a merger or an acquisition with an existing residential construction company? O to gain quick access to new technologies or other resources and capabilities ○ to create a more cost-efficient operation out of the combined companies ○ to extend a company's business into new product or service categories and/or expand a company's geographic coverage ○ to fundamentally alter a company's trajectory and improve its business outlook ○ to expedite shifting from one strategy to another and gain better access to additional financial capital
Transcribed Image Text:Imagine you are advising a local low-cost commercial construction business that is considering diversifying via acquisition into affordable residential construction. What would you not say is a typical strategic objective or benefit that could be derived from a merger or an acquisition with an existing residential construction company? O to gain quick access to new technologies or other resources and capabilities ○ to create a more cost-efficient operation out of the combined companies ○ to extend a company's business into new product or service categories and/or expand a company's geographic coverage ○ to fundamentally alter a company's trajectory and improve its business outlook ○ to expedite shifting from one strategy to another and gain better access to additional financial capital
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