Author Question: Laws and regulations creating fair, stable market environments are examples of complementary social ... (Read 61 times)

humphriesbr@me.com · **on:** Jul 7, 2018

Laws and regulations creating fair, stable market environments are examples of complementary social assets required to optimize returns from IT investments.

Indicate whether the statement is true or false

Question 2

What are switching costs?

What will be an ideal response?

Natalie4ever · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

TRUE

Answer to Question 2

Switching costs are the costs customers incur when they change suppliers. Royalty programs and initial costs, among other strategies, increase the costs of switching. For example, switching costs are high in the software industry.