What is an example of an industry where you think best-cost

Assignment Help Business Management

Reference no: EM133467190

Discussion Post

After reviewing the five generic competitive strategy options, we learned that firms that charge relatively low prices and offer substantial differentiation follow a best-cost strategy. The best-cost strategy can be an effective level strategy to the extent that a firm whose fixed costs and overhead are comparatively low relative to the competition.

Address the following based on the best-cost strategy option, your knowledge, and your experience. Then, provide a substantive response to at least two of your classmates.

Question A. What is an example of an industry where you think a best-cost strategy could be successful? Explain your response.
Question B. How would you differentiate a company to achieve this success in this industry?
Question C. Provide an example of a firm in Jacksonville following a best-cost strategy. Explain your rationale or reasoning for this choice.

Reference no: EM133467190

Questions Cloud

Capstone project - oral health promotion : Capstone project - Oral Health Promotion to Improve the Quality of Life in Older Adults Living Independently

Advanced analytics professional : Why is it important for the nurse executive to work closely with the advanced analytics professional?

How did the ihuman virtual patient encounter case : How did the iHuman Virtual Patient Encounter case help strengthen your understanding of the chosen body system acute tubular necrosis?

Create an infographic that includes the attributes : Demonstrate principles of professional identity and professionalism for the nurse within the context of regulatory and practice standards.

What is an example of an industry where you think best-cost : What is an example of an industry where you think a best-cost strategy could be successful? Explain your response.

Decrease the anxiety of charlie snows aunt : How did the simulated experience of Charlie Snow make you feel? What communication techniques could be initiated to decrease the anxiety of Charlie Snows aunt?

How you feel about the behavior they are going to change : Your response to peers should be an encouragement to your peer and information on how you feel about the behavior they are going to change.

Review of healthcare personnel conflict management : Explore conflict management principles and professional integrity through a review of healthcare personnel conflict management review

Common furniture specific to operating room : From the resources you have been using for this program, identify 2 pieces of common "furniture" specific to the operating room.

User Account

All Pages