Some Universities Are Investigating Instituting Continuing Care Retirement Communities (CCRCs)

question 12

True/False

Some universities are investigating instituting continuing care retirement communities (CCRCs) for alumni and faculty.

---

Definitions:

Customers' Lifestyles

The way in which a target group of customers lives, including their habits, preferences, and social trends, which influences their buying decisions.

Good CVP

Stands for "competitive value proposition," highlighting a business's unique offerings and advantages over competitors.

Financial Viability

The ability of an entity to generate sufficient income to meet operating payments, debt commitments, and, where applicable, to allow for growth while maintaining service levels.

Target Customers

Individuals or groups identified as the most likely to purchase a company's products or services.