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As marketing manager for a large company that publishes magazines, you have been put in charge of positioning a new magazine for "woopies," or well-off older people. You research the market and make a recommendation to segment on the basis of some VALS information that you collected. You are about to use
Nondurables
Goods with a short life span and typically consumed in a short period after purchase, such as food, beverages, and paper products.
Services
Activities, benefits, or satisfactions that are offered for sale that are essentially intangible and do not result in the ownership of anything.
Murray Weidenbaum
An American economist known for his contributions to public policy, environmental economics, and as a key economic advisor during the Reagan administration.
Thorstein Veblen
A prominent American economist and sociologist known for his theories on the social implications of economic behaviors, particularly conspicuous consumption and leisure class.
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