Which of the Following Strategies Is Also Called Establishing High

question 13

Multiple Choice

Which of the following strategies is also called establishing high switching costs?

• A)establishing alliances
• B)locking in suppliers
• C)reducing costs
• D)locking in customers

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Definitions:

Unenforceable

A term describing a contract or clause that, due to legal deficiencies, cannot be executed or enforced by law.

Oral Contract

A legally binding agreement made through spoken words and commitments rather than in writing.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party being charged to be enforceable.

Statute of Frauds

The Statute of Frauds is a legal principle that requires certain types of contracts to be written and signed to be enforceable.