Which of the Following Terms Is Used as an Alternative

question 44

Multiple Choice

Which of the following terms is used as an alternative to switching costs?

• A) Lock-in
• B) Complementary benefits
• C) Exchange benefits
• D) Straddling costs
• E) Network impedance

---

Definitions:

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, indicating more money leaving the economy than entering it.

Exports

The act of selling goods or services produced in one country to other countries.

Trading Partner

An entity with which a company conducts commerce, involving the exchange of goods, services, or information.

GDP

A measure of the economic performance of a country, reflecting the total value of all goods and services produced over a specific time period, redefining for duplication.