Definition
Mechanical or electronic device that completes (closes) or breaks (opens) an electrical path (circuit) to route power or data stream from one point to another. See also valve.
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Locking In Customers
Customer lock-in (that is, their cost to switch to another provider) is an important concept in business. If lock-in is low you're less likely to be able to retain the customer, but if lock-in is thou ... Read more
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