Question

What kind of competitive advantages do you think a best cost provider strategy aims at achieving? Explain what a company needs to do in order to accomplish this advantage. Provide an example of a company.

Answer 1

1. Best-cost provider strategies aim at satisfying buyer expectations sell such as providing quality, great customer service, and beating customer expectations on price.
2. In order to accomplish these advantages, a company must train employees to handle customers and providing a good experience.

Explanation:

• A company that provides this is Chick-FIl-A. They are always smiling and are known for saying "my pleasure." Furthermore, they offer fast customer service and the wait is short which has earned them recognition.