Switching Costs

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Switching Costs

In microeconomics, what one must spend in order to upgrade to a higher technology. For example, switching costs may involve purchasing a new, higher quality mobile phone. The higher the switching costs are for a consumer, the less likely that consumer is to adopt the higher technology.
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According to the result of research's hypothesis' testing, habits have a significant impact on social relationships and economic switching barriers, so the karafarin insurance company can suggest making on time extension of clients' insurance (extension automation) and following paying client to detriment, so that through these actions frequent purchase of an insurance agent becomes a habit for the customers.
lt;<How habits, social ties, and economic switching barriers affect customer loyalty in contractual service settings>>, Journal of Business Research, 64: 800-808.
Switching cost and switching barriers in mobile RFID services
Switching barriers may be defined as 'the consumer's assessment of the resources and opportunities needed to perform the switching act, or alternatively, the constraints that prevent the switching act' (Bansal, Taylor 1999; Ranaweera, Prabhu 2003).
Switching barriers consist of discounts for loyal clients, cognitive efforts customers would make to find another supplier and financial, social and psychological risks for buyers.
When it comes to keeping customers, factors such as brand image, network quality, and switching barriers come ahead of cost related issues like calling plans.
Similarly, our industry creates switching barriers with bulk production and mass marketplaces that reward how you buy over what you sell.
0 and Contivo Chameleon allows companies to break through previously prohibitive switching barriers and enable unprecedented portability and choice for integration solutions and services.
This area of study was focused in this research, with the objective to investigate customer satisfaction and the switching barriers as main, moderating and mediating determinant/ variables which may have an effect on of customer repurchase intention.
Eliminates Switching Barriers, Provides Flight-to-Quality Opportunity Backed by Well-Financed Company
With MainStreet Networks, utilities can realize new revenue streams, improve their operational efficiencies, create switching barriers and build greater customer loyalty.
Faced with growing competition from new entrants, banks across the emerging regions should address trust and loyalty issues, particularly in South East Asia where digital banking has high adoption rates and lower switching barriers.