If the costs of switching to another vendor are high,then the strength of the competitive forces is low.

Question

Quizplus · Accepted Answer

If the costs of switching to another vendor are high, then it becomes difficult for customers to switch to a different vendor. This makes it less likely for new competitors to enter the market, and less bargaining power for existing competitors. Thus, higher switching costs lead to a lower strength of competitive forces.

If the Costs of Switching to Another Vendor Are High,then