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Mood state exerts less influence when crucial information is explicitly presented, according to which principle coined by Eich (1995) ?
Undifferentiated Products
Goods or services that are viewed as interchangeable with others in the market, lacking distinct features to stand out from competitors.
High Switching Costs
High switching costs are barriers that prevent customers from changing products or services, due to financial, emotional, time-related, or effort-based factors.
Complex Backward Integration
A strategy where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain, but with more intricate and multifaceted connections or processes.
Highly Specialized
Highly specialized refers to products, services, or roles that are focused on a narrow aspect, requiring specific knowledge or skills and catering to a particular niche or market segment.
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