Smart products generally raise switching costs.

Name: Smart products generally raise switching costs.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Smart products often require specific infrastructure or technologies to use, which can make it more difficult or costly for consumers to switch to a different product or brand. For example, a smart thermostat may require a compatible smart home system, making it more challenging for a consumer to switch to a different brand or type of thermostat.

Smart Products Generally Raise Switching Costs