Describe the theory behind the creation of VALS.
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SBI (Strategic Business Insights) is a spinoff of the Stanford Research Institute. One of its most popular products is called VALS (Values and Life Style Survey). SBI uses VALS to segment the marketplace on the basis of personality traits that drive consumer behavior. VALS is used in all phases of the marketing mix. The survey categorizes consumers into one of eight personality types. GEOVALS applies the power of VALS to local marketing efforts by identifying the concentration of the VALS consumer group residing within a specific block group or zip code.
Go to www.strategicbusinessinsights.com, click on “Take the VALS survey.” 1. Explain the theory behind the creation of VALS. 2. Do you agree with your VALS classification? Learn more by going to “The VALS Types” link. 3. What kind of scale was used in the survey? Could other types of scales have been used? 4. Explain how a marketer could use GEOVALS.
Chapter 10
Real Life Research 10.1 on page 240. Respond to all 5 questions.
Chapter 11
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Real Life Research 11.1 on page 266. Respond to the 4 questions in the textbook and also this question. How did the results of this study impact you as a consumer of medical and pharmaceutical services?
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