VALS Is ________

question 54

Multiple Choice

VALS is ________.

• A)a method of confirming that the chosen target market is representative of the ideal market segment
• B)a system used for psychographic segmentation
• C)a database of people who have purchased similar products
• D)a method of removing heterogeneous variables from a target market
• E)a strategy used for implementing geodemographic segmentation

Understand consumer rights and business responsibility towards consumer protection.

Know the enforcement agencies and laws regarding workplace safety and consumer rights.

Identify the aspects and importance of ethical, legal, economic, and voluntary dimensions of social responsibility.

Understand the impact of social responsibility on business operations and stakeholder relationships.

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Definitions:

Liquidated Debt

A debt for which the amount owed is known and agreed upon by both parties.

Liquidated Debt

A debt for which the exact monetary value has been determined and acknowledged by both the debtor and creditor.

Unliquidated Debt

A debt that has not been determined or fixed in amount, often because it is subject to a legal dispute or requires a judgment to ascertain its value.

Accord And Satisfaction

A legal settlement where a debtor offers something different than originally agreed upon, and if accepted, the debt is considered settled.