High cost of switching to substitutes (TopCoder)

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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 TopCoder. … "High cost of switching to substitutes (TopCoder)" has a significant impact, so an analyst should put more weight into it. "High cost of switching to substitutes (TopCoder)" will have a long-term positive impact on the this entity, which adds to its value. This qualitative factor will lead to a decrease in costs. This statement will lead to an increase in profits for this entity. "High cost of switching to substitutes (TopCoder)" is an easily defendable qualitative factor, so competing institutions will have a difficult time overcoming it.

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