___________ Make Customers Reluctant to Switch to Another Product or Service

question 2

Multiple Choice

___________ make customers reluctant to switch to another product or service.

• A) Support activities
• B) Switching costs
• C) Loyalty rewards
• D) Value chain activities

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Definitions:

Production Possibilities Curve

Represents different combinations of two goods that can be produced with a given set of resources and technology, assuming efficient use of resources.

Domestic Output

The total value of all goods and services produced within the borders of a country within a specific period.

Before-Tax Household Income

The total income earned by all members of a household before any taxes are deducted.

Percent

A way to express a number as a fraction of 100, denoting proportions or ratios.