Barriers That Help Keep Firms Using the Same Supplier or Buyer

question 57

Essay

Barriers that help keep firms using the same supplier or buyer by imposing extra costs for substituting suppliers or buyers are known as ___.

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Definitions:

Attribution Theory

A concept focused on how individuals interpret events and how this relates to their thinking and behavior.

Internal Cause

A factor or motive originating within an individual or system that contributes to a particular outcome or action.

Distinctiveness

The quality of being easily distinguishable from others due to unique characteristics or features.

Consensus

A general agreement among the members of a group or community, often used in the context of decision-making processes.