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The irrational escalation of commitment bias refers to
Universal Appeal
The characteristic of being attractive or interesting to a wide range of people.
Luxury Items
Products or services that are considered premium and not necessary for basic living, often associated with high quality and price.
Global Business Strategy
A plan of action, including methodologies and considerations, aimed at expanding a company’s operations and presence in international markets.
Marketing Strategies
Comprehensive plans designed to reach marketing goals, including product development, pricing, promotion, and distribution decisions.
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