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3 years ago

The lower the user's switching costs:

Business

2 answers:

JulijaS [17]3 years ago

8 0

Answer:

more intense the competitive pressures posed by substitute products.

Explanation:

The lower the user's switching costs: the more intense the competitive pressures posed by substitute products.

Switching costs can be defined as the cost of a consumer switching from a product to a substitute good.

Therefore when such switching costs are low, it will be easier to switch from one product to another, implying that the competitive pressure from substitute goods are higher.

dalvyx [7]3 years ago

6 0

Answer:

More intense the competitive pressures posed by substitute products

Explanation:

A user's switching cost is the cost incurred by a user/consumer when he/she changes brands of products and services he/she usually purchases for a substitute good or service usually of equal standard with the first brand.

Switching cost can be monetary, psychological and time-based as well. the higher the switching cost the less likely a user will switch brands but the lower the switching cost the more likely a user will switch brands, and also the more intense the competitive pressures posed by the substitute products.

therefore switching cost is a market determinant for products with several substitutes in the open market.

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3 years ago

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2 years ago

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3 years ago

If a firm’s expenses equal or exceed its revenue, what actions might management take?

exis [7]

In a case whereby firm’s expenses equal or exceed its revenue, the actions that might be taken by management is To check their production process and check the cost of their input.

<h3>What are expenses?</h3>

This are the cost of inputs that the company put into production of their goods and services.

When expense is higher than revenue then the organization is running at loss, but when the revenue equal to the expenses, there is no Gain.

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brainly.com/question/4953989

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2 years ago

The opportunity cost of attending college is likely to be highest for a high school graduate Choose one: A who is very intellige

Valentin [98]

Answer:

B. who can immediately take over the family business

Explanation:

<em>Option A</em> is wrong because opportunity cost is not related to intelligence.

<em>Option C</em> is not correct because a high school graduate and a college attending student can access to student loans.

The family's wealth can not be a factor in terms of opportunity cost of attending college or a high school graduate. Therefore, <em>option D</em> is incorrect.

Option B is correct as a college attending student cannot take over the family business. So, it is his opportunity cost. On the other hand, a high school graduate can take over the business.

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3 years ago