Switching Costs Refer to The

question 57

Multiple Choice

Switching costs refer to the:

• A) Cost to a producer to exchange equipment in a facility when new technologies emerge
• B) Cost of changing the firm's strategic group
• C) One-time costs suppliers incur when selling to a different customer
• D) One-time costs customers incur when buying from a different supplier

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Definitions:

Bath Sponges

Natural or synthetic sponges used for cleansing the body; natural ones are harvested from the ocean and belong to a simple, multicellular organism group.

Silica

A hard, unreactive, colorless compound that occurs as the mineral quartz and as a principal constituent of sandstone and other rocks.

Calcium Carbonate

A chemical compound used as a dietary supplement or antacid; it's also the main component of limestone.

Spongin

A fibrous protein that makes up the skeleton of many sponges.