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tia_tia [17]
2 years ago
10

______ costs are costs that make customers reluctant to switch to another product or service. Multiple choice question. Producti

on Supplier Consumer Switching
Business
1 answer:
Anna007 [38]2 years ago
3 0

"Switching costs" are costs that make customers reluctant to switch to another product or service.

<h3>What is Switching cost?</h3>

The expenses a consumer incurs as a result of switching brands or products are known as switching costs.

The possible switching costs are -

  • Financial,
  • psychological,
  • effort-based, and
  • time-based

The switching cost can be created by-

  • The value that points programs generate for the brands that use them and the customers who take part in them much outweighs their seeming simplicity.
  • By rewarding customers with points for every purchase, brands can increase the switching costs' motivating effect by giving their customers something to lose if they go to a rival.

To know more about switching costs, in the context of technology industries, here

brainly.com/question/15586831

#SPJ4

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The opportunity cost of obtaining more of one good is shown on the production possibilities frontier as the
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a. amount of the other good that must be given up.

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As we know that, the opportunity cost refers to the cost in which the best alternative is chosen among the available ones which can generate a better return so the one goods are considered while another cost is given up.

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<h3>Explaination</h3>

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<h3>Reason</h3><h3 />

There could be many reasons for marketers repositioning their products.

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