Question: In Porter s Five Forces framework, buyer s switching costs refer to: The cost incurred by a supplier when switching to a different buyer The

In Porters Five Forces framework, "buyers switching costs" refer to:
The cost incurred by a supplier when switching to a different buyer
The financial and non-financial costs that buyers face when changing from one supplier to another
The reduction in competition when buyers can easily switch between suppliers
The reduction in competition when buyers can easily switch between suppliers

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