One Way Firms Can Gain a Competitive Advantage Without Relying

question 350

True/False

One way firms can gain a competitive advantage without relying on low prices is by developing close, friendly relationships with their customers.

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Definitions:

Six-Month

A period or duration of six calendar months.

Interest Payment

The cash paid by a borrower to a lender for the privilege of borrowing money, typically based on the interest rate of the loan or debt.

Other Income

A financial term referring to income generated from activities not directly related to the entity's primary business operations.

Other Expense

Expenses that do not fit into the usual categories of operating expenses in a business, such as lawsuit settlements or loss on asset disposal.