1. What are the distinctive features of a best-cost provider strategy? Under what circumstances is a best-cost provider strategy appealing?
2. What are the distinctive features of a focused low-cost strategy? How does it differ from a low-cost leadership strategy?
3. What are the distinctive features of a focused differentiation strategy? How is it different from a broad differentiation strategy?
4. Describe the two basic cost-reducing approaches a company can take to become a low-cost provider in its industry.
5. What type of competitive advantage does a best-cost provider strategy aim at achieving? Explain what a company has to do to achieve this advantage.