VALS Is an Example of a Syndicated ________ Segmentation

question 38

Multiple Choice

VALS is an example of a syndicated ________ segmentation.

• A)psychographic
• B)demographic
• C)geodemographic
• D)life stage

Distinguish between goods that are necessities and luxuries in terms of their price elasticity.

Understand how the proportion of the budget spent on an item affects its price elasticity of demand.

Identify the factors that do not affect the price elasticity of demand.

Understand the concept of cross-price elasticity of demand.

---

Definitions:

Sensitivity

The ability to perceive and respond to differences in the environment or in one's own internal states.

Smell

is one of the five senses, pertaining to the ability to detect and identify scents or odors.

Cardiovascular Systems

Pertains to the system comprising the heart and blood vessels, responsible for circulating blood throughout the body.

Respiratory Systems

The organs and structures that facilitate gas exchange, allowing organisms to breathe and process oxygen.