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Commerce · Q60

eCommerce

Graduate and Post Graduate · Commerce · question 60

Q60

A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as a(n)?

A.
Switching costs
B.
Loyalty programs
C.
Entry barriers
Answer
D.
Affiliate programs

Answer: Option C

Solution

Answer: Option C
Solution:
A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as an Entry barriers.