Seventh Generation Is a Company Producing Products That Limit the Amount

question 60

Multiple Choice

Seventh Generation is a company producing products that limit the amount of negative impact on the environment. Their product line includes dishwashing liquid, toilet paper, paper towels, baby wipes, and laundry detergent, to name a few. Seventh Generation is now interested in producing a new line of clothing, mostly t-shirts, shorts, and long pants for both men and women. Their research indicates that they should use psychographic segmentation in their marketing strategy. Which group of segmentation variables will Seventh Generation be using?

• A) Geographic location
• B) Age, sex, and socioeconomic characteristics
• C) Social class variables
• D) Personality characteristics, motives, and lifestyles
• E) Family life cycle, social class, and religion

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Definitions:

FIFO Method

"First In, First Out" is an inventory valuation method where goods are sold or used in the order in which they are acquired.

Gross Profit Method

An accounting technique used to estimate the cost of goods sold and ending inventory by applying a gross profit margin to net sales.

Perpetual Inventory System

An accounting method that records inventory transactions in real-time, providing a continuously updated inventory balance.

Inventory Destroyed

This term describes inventory items that have been lost, damaged beyond repair, or otherwise rendered unusable and must be written off from the business's accounts.