In the VALS Framework, Consumers with Fewer Resources Who Are

question 85

Multiple Choice

In the VALS framework, consumers with fewer resources who are practical people, have constructive skills, value self-sufficiency, and are unimpressed by material possessions except those with a practical or functional purpose are referred to as

• A)Experiencers.
• B)Thinkers.
• C)Makers.
• D)Believers.
• E)Strivers.

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Definitions:

Inventory Account

A balance sheet account containing the cost of goods a company holds for sale in the ordinary course of business.

Goods in Transit

Merchandise or products that have been shipped by a seller but not yet received by the purchaser, present in the distribution channel.

Inventory Inclusion

The process of adding items to a company's inventory count, ensuring they are recorded as assets in the financial statements.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.