Trust Is Not Essential Because Switching Costs Are Typically Low

question 14

True/False

Trust is not essential because switching costs are typically low in the sharing economy.

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Definitions:

Customers Served

The total number of clients or customers that have been assisted or serviced by a business during a particular period.

Activity Variances

The differences between budgeted and actual costs for various activities, often analyzed in managerial accounting to improve performance.

Wages And Salaries

Payments to employees for their labor, either calculated by time worked or a fixed monthly rate.

Customers Served

The number of customers who have received service from a business over a particular period.