A competitive strategy to be the low-cost provider in an industry works well a. when price competition among rival sellers is especially sluggish. b. there are numerous ways to achieve product differentiation that have no value to buyers. c. buyers incur high costs in switching their purchases from one seller/brand to another. d. industry newcomers use introductory low prices to attract buyers and build a customer base. e. industry newcomers use high introductory prices to let buyers know they have a superior product to build a customer base.

d. industry newcomers use introductory low prices to attract buyers and build a customer base

Explanation:

Competitive strategy of a low-cost provider seeks to create prices that are low so that competitors can not meet or exceed consumer savings for good or service of the same quality. A competitive strategy to be the low-cost provider in an industry works well when:

Industry newcomers use introductory low prices to attract buyers and build a customer base

When buyers incur low costs in switching their purchase from one seller or brand to another or when commodity based products prevails and minimal differential exists

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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