Matt found out that he would have to pay a $450 initial fee to switch service providers for his home security system. The $450 is an example of which type of switching cost?
A) procedural switching costs
B) transactional switching costs
C) financial switching costs
D) separation switching costs
E) induction switching costs

Question

Quizplus · Accepted Answer

The $450 fee Matt has to pay is a financial switching cost, as it involves a direct monetary expense to switch service providers.

Matt Found Out That He Would Have to Pay a $450