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Based on the role playing studies by Janis and Mann (1965) and Janis and King (1954) ,______,
Standardized Product
A product that is manufactured in a consistent, unchanged manner to ensure it meets specified criteria and quality.
Product Focus
A strategic approach that centers on developing and marketing a specific product or product line.
High Fixed Costs
Costs that remain constant regardless of the level of production or sales in a business, such as rent, salaries, or equipment leases.
Low Variable Costs
A situation where costs that vary with the level of production or service delivery are kept minimal.
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