Erin Likes to Be Self-Sufficient

question 42

Multiple Choice

Erin likes to be self-sufficient.She grows her own vegetables,mows her own lawn,paints her house,and does her own repairs.According to the VALS typology,she can fit into in which of the following groups?

• A) fulfilled
• B) achievers
• C) strivers
• D) makers

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Definitions:

Operating Cost

The total expense associated with the normal operations of a business, excluding cost of goods sold.

Useful Life

The estimated period over which a fixed asset is expected to be usable by the company, affecting its depreciation calculation.

Value-Based Pricing

A pricing strategy where prices are set primarily on the perceived value to the customer, rather than on the actual cost of production or historical prices.

Preventive Maintenance

Routine maintenance and inspections of equipment and facilities to prevent unexpected breakdowns and to ensure efficient operation.