_____ 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:

Sailboats

Watercraft propelled partly or entirely by sails that are used for recreation, sport, or transportation.

Surfboards

Engineered boards designed for surfing, crafted to glide and maneuver on the surface of ocean waves.

Marginal Rate

The rate at which some quantity, such as a tax rate or a rate of return, changes with respect to some change in another variable.

Transformation

A comprehensive change in condition, nature, or function of something.