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:

Low-Level

Referring to a minimal or reduced amount or degree in a given context.

Allopatric

Describes a mode of speciation that occurs when biological populations of the same species become isolated from each other to an extent that prevents or interferes with genetic interchange.

Sympatric Speciation

The process of speciation that occurs when populations of a species that share the same habitat diverge into distinct species without being geographically isolated.

Macroevolution

Large-scale evolutionary changes that occur over geologic time, leading to the emergence of new species and diversification.