Gcu Bus-485 Midterm Questions And Answers 100% Verified A+ Guaranteed

Switching costs {Ans: One-time costs customers incur when they buy from a different supplier.}Sustainable Physical Environment segment {Ans: Refers to potential and actual changes in the physical environment and business practices that are intended to positively respond to those changes with the intent of creating a sustainable environment.}General environment {Ans: Composed of dimensions in the broader society that influence an industry and the firms within it}Competitive dynamics {Ans: Refer to all competitive behaviors—that is, the total set of actions and responses taken by all firms competing within a market.}Late mover {Ans: A firm that responds to a competitive action a significant amount of time after the first mover's action and the second mover's response.}Risk {Ans: An investor's uncertainty about the economic gains or losses that will result from a particular investment.}