switching cost Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “switching cost” in the English Dictionary

"switching cost" in Business English

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switching costnoun [C]

uk   us   COMMERCE
the ​cost of ​moving your ​bankaccount to another ​bank, ​changing to a different ​phoneservice, etc: People put up with ​badservice because the ​switchingcosts are high.
(Definition of switching cost from the Cambridge Business English Dictionary © Cambridge University Press)
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