Question

Gives a company a new opportunity to gain an edge over other competing companies. A good relationship means, from a new customer to a purchaser to a loyal customer.

Answer 1

Establishing a good relationship with customers can give a company a competitive advantage by gaining loyal customers who recommend the business. This leads to a good reputation and the ability to charge higher prices.

Step-by-step explanation:

A good relationship with customers gives a company a new opportunity to gain an edge over other competing companies. When customers are satisfied and loyal, they are more likely to continue purchasing from the company and recommend it to others. This helps the company establish a good reputation and potentially charge higher prices compared to its competitors.