The Lower the User's Switching Costs, the

question 81

Multiple Choice

The lower the user's switching costs, the

• A)harder it is for the sellers of attractive substitutes to lure buyers to their offering.
• B)more intense the competitive pressures posed by substitute products.
• C)less intense the competitive pressures posed by substitute products.
• D)greater the bargaining power from both suppliers and influential customers.
• E)lesser the bargaining power from both suppliers and influential customers.

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Definitions:

Interested

Refers to having a stake or concern in an outcome or matter due to potential personal gain, loss, or impact.

Disinherited

The act of deliberately removing or excluding a lawful beneficiary from receiving any part of an estate or inheritance in a will.

Codicil

A document that amends or adds to an existing will, allowing for changes without the need to draft a new will entirely.

Executed

Completed or carried out; in legal terms, it refers to a document or agreement that has been signed and made effective.