The foregone value of investments plus economic penalties/expenses associated with finding,evaluating and using a new supplier are called:
A) Opportunity costs
B) Distribution costs
C) Switching costs
D) Supplier costs
E) Retention costs

Question

Quizplus · Accepted Answer

The foregone value of investments and economic penalties/expenses associated with finding, evaluating, and using a new supplier are referred to as switching costs. This is because switching suppliers entails a significant economic penalty, such as potential lost profits or expenses related to switching to another supplier. As a result, the correct answer is C, switching costs.

The Foregone Value of Investments Plus Economic Penalties/expenses Associated with Finding,evaluating