Examlex

Solved

In the VALS Classification System,Thinkers Are Well-Educated and Seek Out

question 129

True/False

In the VALS classification system,Thinkers are well-educated and seek out information in the decision-making process.


Definitions:

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.

Strategic Group

A cluster of firms within an industry that follow a similar strategy or business model, competing on similar bases.

Cash Cow

A business unit, product line, or investment that generates consistently high profit margins and requires little investment to maintain.

Strategic Marketing Planning Process

A systematic approach to developing marketing strategies and plans that support the overall business goals and objectives.

Related Questions