The Way That a Society Uses to Allocate Resources to Satisfy

question 58

Multiple Choice

The way that a society uses to allocate resources to satisfy human wants is called

• A) an economic system.
• B) an assumption.
• C) realism.
• D) a physical science.

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Definitions:

VALS System

Stands for Values, Attitudes, and Lifestyles system; it is a proprietary research methodology used for psychographic market segmentation and research.

VALS Typology

A classification system that segments consumers based on their values, attitudes, and lifestyles to predict behavior.

Makers

Makers are individuals or groups engaged in the creation or manufacture of goods, often emphasizing handcrafted and uniquely designed products.

VALS Typology

A psychographic segmentation tool that categorizes consumers into eight distinct types based on their values, attitudes, and lifestyles.