Strong brand loyalty and high customer switching costs are low barriers to entering an industry.

Name: Strong brand loyalty and high customer switching costs are low barriers to entering an industry.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Strong brand loyalty and high customer switching costs are actually high barriers to entering an industry, as it would be difficult for newcomers to establish their own brand and convince customers to switch from established brands.

Strong Brand Loyalty and High Customer Switching Costs Are Low