When Customers Face Significant ________ Costs,the Demand for the Existing

question 16

Multiple Choice

When customers face significant ________ costs,the demand for the existing product becomes more inelastic.

• A) network
• B) bandwagon
• C) switching
• D) staying
• E) marginal

---

Definitions:

Retirement Planning

The process of preparing financially and socially for retirement, including savings, investments, and envisioning post-work life.

Lifestyle Changes

Modifications made to one's way of living, aiming to improve health, happiness, and well-being.

Overwhelming Feeling

An intense emotional state that exceeds the individual's capacity to manage or process effectively.

Permanent

Lasting or intended to last or remain unchanged indefinitely.