Which of the Following Forces Is Commonly Reduced Through the Use

question 22

Multiple Choice

Which of the following forces is commonly reduced through the use of switching costs?

• A) Buyer power
• B) Supplier power
• C) Threat of substitute products or services
• D) Rivalry among existing competitors

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Definitions:

Sugar

A sweet-tasting, soluble carbohydrate used commonly as a sweetener in food and drinks.

National Security

Measures and policies implemented by a nation to protect against threats to its sovereignty, safety, and economic well-being.

Silicon Chips

Small pieces of semiconductor material, typically silicon, used in the manufacturing of electronic circuits and devices.

Quota Rent

The difference between the demand price and the supply price at the quota limit; this difference, the earnings that accrue to the license-holder, is equal to the market price of the license when the license is traded.