High cost of switching to substitutes (BANKING INDUSTRY)

Home Five Forces Analysis Index BANKING INDUSTRY - Five Forces Analysis High cost of switching to substitutes (BANKING INDUSTRY)

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Limited number of substitutes means that customers cannot easily switch to other products or services of similar price and still receive the same benefits. High switching costs positively affect BANKING INDUSTRY. …

Five Forces Analysis Survey This statement has a significant impact? Has a positive impact over the long term? Has a negative impact over the long term? Has a positive impact over the short term? Has a negative impact over the short term? This statement leads to reduced costs? This statement leads to increased costs? This statement leads to increased profits? This statement leads to decreased profits? Easy to defend this advantage? Easy to overcome this disadvantage? Difficult to defend advantage? Difficult to overcome this disadvantage? Affected Investments

Threat of Substitutes: High cost of switching to substitutes (BANKING INDUSTRY)
Limited number of substitutes means that customers cannot easily switch to other products or services of similar price and still receive the same benefits. High switching costs positively affect BANKING INDUSTRY.

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