Organizations can gain competitive advantage simply by matching their competition in terms of cutting cost and responsiveness to employees true or false?

True, all business live on competition. Whatever other's may have they compete to make theirs better than the other to make a profit

False. cutting cost will move the business closer to having a competitive advantage but it is more involved then that. they also need something that sets them apart from the competition, something that the competition doesn't offer such as personalized service. a different product, or even a better atmosphere. they also need to stay focused on their costumer. can the costumer find a employee when they need help? is the layout of the store organized in a manner that makes sense? all of these factors go into competitive advantage

Yes his foregone income is part of the opportunity cost of going to college