According to the VALS™ Framework,which of the Following Psychographic Groups

question 54

Multiple Choice

According to the VALS™ framework,which of the following psychographic groups have the most abundant resources and may be motivated by any of the three motivations of achievement,self-expression,and ideals?

• A)Innovators
• B)Thinkers
• C)Achievers
• D)Strivers

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Definitions:

Resource Prices

The costs associated with acquiring inputs needed for production, including raw materials, labor, and capital.

Decline

A decrease in the quantity, quality, or level of something over time.

Constant-Cost Industry

An industry in which the cost of production does not change as the industry's output changes.

Long-Run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied over a period long enough for firms to enter or exit the market.