As per Porter's five forces model,if buyer switching costs are high,it will reduce the threat of substitute products.

Question

Quizplus · Accepted Answer

According to Porter's five forces model, if buyer switching costs are high, it means that customers are less likely to switch to substitute products, and therefore the threat of substitutes is reduced. This is because the costs involved in moving from one product to another are high, making it less attractive for customers to consider alternatives. Therefore, high switching costs act as a barrier to entry for competitors, reducing the threat of substitute products.

As Per Porter's Five Forces Model,if Buyer Switching Costs Are