In some industries, low switching costs can act as an important barrier to entry.
Answer the following statement true (T) or false (F)
False
A barrier to entry is created by the existence of one-time costs that the buyer faces when switching from one supplier product or service to another.
You might also like to view...
The interest rate on short-term loans between banks is known as the
A. primary credit discount rate. B. federal funds rate. C. commercial paper rate. D. T-bill rate.
Which of the following statements is not correct?
A) Walmart pulled out of Germany and South Korea. B) Best Buy closed several stores in China. C) Home Depot pulled out of China. D) Mattel closed its flagship Barbie store in Shanghai. E) Tesco shut down Fresh & Easy stores in the United States.
The highest level of inclusiveness in the concept of an inclusive mindset is ______.
a. minimization of differences b. moderate acceptance c. proactive inclusiveness d. superior diversity
Response latency is used as a measure of the relative preference for various alternatives
Indicate whether the statement is true or false