Vendor Lock-In
Example
For example, a company that implements Vendor Lock-In strategies, like Proprietary software can create vendor lock-in., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
A situation where a customer becomes dependent on a vendor for products and services and cannot move to another vendor without substantial costs. This term is crucial in the Vendor Lock-In context as it helps businesses understand how to Vendor Lock-In in their operations, making it highly relevant for industries looking to optimize Vendor Lock-In processes.
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