High cost of switching to substitutes (Smart Phone 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 Smart Phone Industry. … This qualitative factor will lead to a decrease in costs. "High cost of switching to substitutes (Smart Phone Industry)" is an easily defendable qualitative factor, so competing institutions will have a difficult time overcoming it. "High cost of switching to substitutes (Smart Phone Industry)" will have a long-term negative impact on this entity, which subtracts from the entity's value. "High cost of switching to substitutes (Smart Phone Industry)" is an easy qualitative factor to overcome, so the investment will not have to spend much time trying to overcome this issue.

Affected Investments