Which one of the following statements is true according to VALS framework of psychographic segmentation?
A. The consumers who are primarily motivated by ideals are guided by knowledge and principles
B. The consumers who are motivated by achievement look for knowledge and principles
C. The consumers who are motivated by self expression don't desire social or physical activity, variety and risk
D. The consumers who are motivated by achievement desire social or physical activity, variety and risk
Answer: Option A
Launching a product in a small part of the market is called:
A. Competitive response
B. Competitive analysis
C. Test marketing
D. None of these
A. Product
B. Selling
C. Customer
D. Production
Markets which are organized and regulated by statutory measure are:
A. Regulated markets
B. Unregulated markets
C. World market
D. None of these
A. Innovators
B. Late majority
C. Early majority
D. Late adopters
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