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:

Student Loan Interest

The cost paid for borrowing money for education, which can sometimes be deductible on federal taxes.

Educational Institution

An organization dedicated to education, such as a school, college, university, or training center.

Self-Employed Taxpayers

Individuals who work for themselves and are responsible for paying their own taxes directly to the IRS.

Above-The-Line Deduction

A financial deduction in U.S. income tax that can be taken before the adjusted gross income (AGI) is calculated.