Answer: Switching cost
Explanation:The cost incurred by consumers while switching from one product to another or from one brand to another is called switching cost. Generally it is monetary but could also be psychological or effort and time based.
In the given case, the company is charging its customers if they cancel their contract earlier. Such cancellation means they are switching to some other company.
Thus, we can conclude that the correct option is E.
Answer:
The correct answer is E
Explanation:
The interest rate is defined as the rate of percentage which is charged on the loan or which is paid on the savings. It is the reward for lending as well as the cost of borrowing.
When the interest rate rises or increases, then everyone tend to borrow more amount of money and the high demand of the credit states that the people are willing to pay more for the same.
So, the situation which would increase the interest rate in the economy is when the corporations set up for the expansion plans and increase the demand for the capital.
Buying is the highest risk investment because the outcome is unknown and you have to take a gamble.
Answer:
B. Personal communication network
Explanation:
Personal communication network -
It refers to the method of establishing new connection or relation with various people, in order to expand his or her network, is referred to as Personal communication network.
The mode of communication can be with some digital gadget, telephone, or word to word communication.
Hence, from the given scenario of the question,
Ron tries to get to know various people, who may help to succeed in future.
As, connection with various people enables the person to get more and more knowledge and experience, thereby showcasing personal communication network.
Answer: Orientation
Explanation:
The orientation is basically refers to program in which the proper information are providing to the new employees about the company policies, role, team and the various types of tasks and responsibilities in an organization.
The orientation event makes the employees work comfortably, efficiently and the effectively. In this event, the new employees are brief about the company or workplace and their job responsibility.
Therefore, Orientation is the correct answer.
