Question: Identify a true statement about switching costs. aThe lower the switching costs, the easier it is for competitors to poach customers. bThe higher the switching
Identify a true statement about switching costs. aThe lower the switching costs, the easier it is for competitors to poach customers. bThe higher the switching costs, the easier it is to convince customers to switch brands. cIt is the loss in profit incurred by a firm for every buyer who switches to another brand. dIt is the cost a firm has to pay to each buyer who switches to another brand for superior quality.
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