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Regarding controllable costs,which of the following statements is incorrect?
Competitive Sales Position
A company's strategic advantage in the market based on factors such as product quality, price, and customer service, which enables it to outsell its competitors.
Unilateral Mistake
A mistake by one party to the agreement.
Innocent Misrepresentation
A false statement of a material fact made by a party that honestly believed the fact to be true.
Erroneous Statement
A declaration or assertion that is incorrect or mistaken in fact.
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