By Establishing High Switching Costs,which of the Forces in Porter's

question 67

Multiple Choice

By establishing high switching costs,which of the forces in Porter's five forces model is being addressed?

• A)bargaining power of customers
• B)bargaining power of suppliers
• C)threat of new entrants
• D)threat of substitutions

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Definitions:

Discharged

The completion or termination of an obligation such as a debt or legal duty.

Liability

The state of being legally responsible for something, particularly in terms of debts or legal actions.

Check

A negotiable instrument, commonly used for transactions, instructing a bank to pay a specific amount from the drawer's account to the payee or bearer.

Warranties

Legally binding promises or guarantees about the condition, quality, or performance of goods or services sold, which are enforceable under the sale of goods laws.