Switching costs is:1 pointThe extra money employers pay for employees who are good at multitasking.The money some companies fine employees for making mistakes while multitasking.The extra time it takes to start a task, then stop it, then start it again.A fee some companies will pay a vendor to complete their work first.

Switching costs refer to the:a.Cost to a producer to exchange equipment in a facility when new technologies emerge.b.Cost of changing the firm’s strategic group.c.One-time costs suppliers incur when selling to a different customer.d.d. One-time costs customers incur when buying from a different supplier.

One way to help minimize switching costs is to:1 pointTell your manager you refuse to multitask.Keep as many tabs/folders/windows open on your computer as possible.Refuse to answer your phone or email until you completely finish a task.Leave yourself a note that lets you know where you left off when you are asked to change tasks.

Switching costs may:Question 8Select one:a.Give later entrants a cost advantage over early entrants.b.Drive early entrants out of the market.c.Make it difficult for later entrants to win business.d.Make it easy for later entrants to win business.

What costs are there to a bank, if customers chose to switch companies?

The lower the buyers’ switching costs, the tougher it is for competitors to attract buyers through pricing and service offerings.Question 9Answera.Trueb.False