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Suppose a drop of dye is placed in one end of a tank of water.What happens next?
Switching Costs
Economic barriers that prevent or discourage consumers from changing products or service providers.
Supplier Power
Refers to the ability of providers of goods or services to influence the price and terms under which those goods or services are sold.
Critical Inputs
Essential resources or components required for a production process or operational function.
Unsubstitutable
Describes a good or service that cannot be replaced or substituted by another due to its unique characteristics or the specific needs it meets.
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