_____ Exist When Consumers Incur an Expense to Move from One

question 8

Multiple Choice

_____ exist when consumers incur an expense to move from one product or service to another.

• A) Network effects
• B) Switching costs
• C) Economies of scale
• D) Competitive advantages
• E) Profit margins

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Definitions:

Physical Characteristics

Refer to the observable bodily traits of an individual, such as height, eye color, muscle composition, and facial features.

Spatial Closeness

The physical proximity or nearness of objects or individuals to one another, which can influence social interactions and relationships.

Interchangeable

Capable of being used or substituted in place of each other without significant difference or loss of function.

Paradox Of Close Relationships

The phenomenon where close relationships, which are sources of immense joy, can also be sources of significant stress and disappointment.