Question: Customer Lock - In . Customer lock - in is a business condition where a firm s customers are reluctant to go to a competitor
Customer LockIn Customer lockin is a business condition where a firms customers are reluctant to go to a competitor due to an investment in purchase price, learning, training, relationship building, and confidence in the security practices of their current service provider. Moving to a new provider would mean the customer would have to incur the mentioned startup hardships again, so they tend to stay put.
True
False
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