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Jessica, a manager, wanted to make some changes in the seating arrangement of her team members in order to facilitate freer communication between them. She chalked out a plan which she thought would suit everybody. She sent the plan to all the members of her team informing them of the decision. She made it known that the plan was not the final draft; it could be amended based on the suggestions of the team members. This is an example of:
Cost Of Switching
The cost of switching refers to the expenses and inconveniences a customer or company faces when changing products, services, or suppliers, including termination fees, setup costs, and time.
Incremental Cash Inflow
Additional cash earnings a company receives from undertaking certain actions, such as launching a new product or project.
Net 30 Credit Policy
A payment term that allows a customer 30 days to pay the full amount on an invoice without incurring interest or penalties.
Monthly Interest Rate
The interest rate applied to a loan or debt for each month, often used to calculate the interest expense on outstanding debt for the month.
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