Examlex
The main impact of digital technology on the competitive structure of industries during the 21st century has been:
Product Placement
The strategic inclusion of branded products or logos within media content, such as movies or television shows, to increase brand awareness and influence consumer behavior subtly.
Consumer Hyperchoice
The condition where consumers are faced with too many choices, leading to decision fatigue, anxiety, and potentially poorer choices.
Rational Perspective
An approach that emphasizes logical, conscious thought processes and decision-making based on information and reasoning.
Consumer Hyperchoice
A situation where consumers face an overwhelming number of product choices, leading to difficulty in making purchase decisions.
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