The Competitive Strategy of Locking in Customers Is Called Establishing

question 52

True/False

The competitive strategy of locking in customers is called establishing high switching costs.

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Definitions:

CPU

A CPU, or Central Processing Unit, is the primary component of a computer responsible for interpreting and executing instructions and running software.

Field Equipment

Hardware and devices deployed in outdoor or remote areas for monitoring, controlling, or communication purposes in various industries.

PLC's Operating System

The software framework that manages the hardware resources of a Programmable Logic Controller and provides the execution environment for the control program.

RAM

Random Access Memory, a type of computer memory that can be accessed randomly, used for storing data temporarily while a computer is running.