________ Costs Are Fixed Costs Buyers Face If They Change

question 89

Multiple Choice

________ costs are fixed costs buyers face if they change suppliers.

• A)Changing
• B)Switching
• C)Renewable
• D)Exchange
• E)Sunk

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Definitions:

Table Clearing

The process of removing dishes, utensils, and leftovers from a table after a meal.

Extinction

In behavioral psychology, the process through which a conditioned response decreases or disappears after repeated exposure to the conditioned stimulus without the unconditioned stimulus.

Fixed-Ratio

A reinforcement schedule in which a response is rewarded after a predetermined number of responses have been made.

Square Footage

A measure of area used primarily in the United States for calculating the size of a space, equal to the area of a square with sides of one foot.