SWITCHING COSTS


Meaning of SWITCHING COSTS in English

the costs that a customer will incur if he/she switches from the current provider of a product or service to another provider. Some sellers try to make these costs as high as possible, so that once they have locked in a customer it will be difficult for that customer to leave.

Raynet Business and Marketing English glossary.      Английский глоссарий компании Raynet Business and Marketing .