Tag: Switching Costs

Lock-in Effect: Understanding Customer Dependence and Switching Costs in Technology Markets for Everyday Users

Lock-in Effect

JAKARTA, teckknow.com – Lock-in Effect: Understanding Customer Dependence and Switching Costs in Technology Markets isn’t just buzzwords for tech geeks—it actually hit me hard a few years ago. I remember getting my first smartphone in uni—totally sold on the brand (not naming names). Everything synced perfectly. But when my friends started showing off apps and […]