In the VALS™ Framework,_____ Can Be Viewed as the Opposite

question 76

Multiple Choice

In the VALS™ framework,_____ can be viewed as the opposite of Innovators in terms of resources and innovations.

• A)Strivers
• B)Makers
• C)Achievers
• D)Survivors

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Definitions:

Liquidation

The process of closing a business and distributing its assets to claimants, typically during insolvency, paying creditors, and shareholders if funds remain.

Reorganization

The process of restructuring a company's business or legal structures for efficiency, to recover from financial distress, or to better align with strategic goals.

Decreasing Expenses

The process of reducing the costs incurred by a business in order to increase profitability.

Workforce Reduction

A strategy employed by businesses to decrease their number of employees through layoffs, attrition, or retirement schemes to cut costs or improve efficiency.