Consumers Will Bear the Costs of Switching Technologies When

question 40

Multiple Choice

Consumers will bear the costs of switching technologies when

• A) the benefits of adopting the new technology outweigh the costs of switching.
• B) switching costs are substantial.
• C) switching costs are reimbursed by makers of a product.
• D) all of these choices.
• E) none of these choices.

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Definitions:

Deliberate Practice

A highly structured activity engaged in with the specific goal of improving performance.

Procedural Memories

A type of long-term memory that involves the retention of skills and procedures which are performed automatically, without conscious thought.

Semantic Memory

pertains to a portion of long-term memory that processes ideas and concepts not drawn from personal experience, including knowledge of facts and general information.

Great Lakes

A group of five large, interconnected freshwater lakes located on the border between the United States and Canada, known as Superior, Michigan, Huron, Erie, and Ontario.