COMPUTER APPLICATIONS
E COMMERCE AND E BUSINESS APPLICATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The following is not a way for company transactions to offer their products or services, namely by:
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Faster
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Switching cost
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Cheaper
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Better
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Explanation:
Detailed explanation-1: -Answer: Switching costs occur when consumers incur an expense to move from one product or service to another. There are several sources of switching costs including: learning costs, information and data, financial commitment, contractual commitment, search costs, and loyalty programs.
Detailed explanation-2: -The “switch cost” effect that it generates (i.e., poorer performance for switching than repeating tasks) provides evidence that the task that was relevant on the previous trial affects the speed and accuracy of current performance.
There is 1 question to complete.