Asked by Talia Miller on Jun 19, 2024

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Which of the following is typical of an organization that follows Porter's best-cost provider strategy?

A) a hamburger served by a waiter on a plate with potato salad
B) a hamburger and fries in a paper bag served by the drive-through operator
C) a hamburger and baked potato placed on a tray and served by the takeout counter clerk
D) a hamburger and baby greens salad in a plastic bubble package bought at the grocery store

Best-Cost Provider

A strategy where a company aims to offer products or services that are of high quality and relatively low cost to attain a competitive advantage.

Porter's

Porter's frameworks involve strategic tools created by Michael Porter, such as the Five Forces analysis and the Value Chain, used for assessing the competitive environment and organizational capabilities.

  • Identify and analyze different types of strategies (corporate, business, and competitive) and understand their applications.
  • Explain the concept of competitive advantage and the strategies organizations adopt to achieve it.
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KA
kelsie abundizJun 22, 2024
Final Answer :
A
Explanation :
A best-cost provider strategy aims to provide customers with better value for money without compromising on quality or features. This typically requires a combination of low-cost operations and high-quality products or services. In this case, the hamburger served by a waiter on a plate with potato salad suggests a higher level of service and presentation, while still offering the basic product of a hamburger. This choice offers both quality and low-cost operations, making it the best representation of a best-cost provider strategy.