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Difference between wants and needs on one hand and available resources on the other hand?
Wiki User
∙ 12y ago
A tactical business assessment will focus on the needs and available resources to achieve short-term goals.
A strategic business assessment will consider the wants of the business, and leverage planning and decisions made in the initial and intermediate phases of of growth to achieve those desired objectives.
From a customer perspective, when buying a vehicle - A NEED could be "Payments no more than $400/mo. and must be 4WD."; a WANT could be "With a 550HP, Turbo-Charged engine, XM Radio and Leather Interior."
The customer must focus on their requirements first, 4WD in this example, and then determine what additional "WANTS" can be added to the car, while keeping under their $400/mo payment threshold.
Wiki User
∙ 12y ago
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What term is used to describe the difference between limited resources and wants and needs?
scarcity
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
Is it true scarcity exists because there are limited resources to meet unlimited wants and needs?
Scarcity is the result of limited resources being available to satisfy the wants and needs of citizens. It is important for people to buy and store resources in bulk to prevent scarcity.
Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
Human wants are satisfied by A Consumers B Available Resources C Economic Systems D God?
Not (A) 'Consumers', because consumers are the humans who have needs and wants.(B) Available resources are used to meet human needs.(C) Economic systems are used to provide and distribute available resources.Not (D) God, because, if he exists there is no evidence that he has ever provided for human wants, other than through available resources and our own economic systems.So the answer is thathuman wants are satified by available resources, assisted by the economic system. Those who choose to do so can see God play an unseen and unprovable role in the distribution of available resources.
What term is used to describe the difference between limited resources and wants and needs?
scarcity
What is the difference between resources and capabilities and why do you need both?
A firms resources identifies its capabilities. Resources are the productive assets owned by the firm and capabilities speak to what the firm can do with those resources. Why the firm needs them? Without resources the the firms capabilities are limited.
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
What is the difference between need and needs?
The difference between need and needs is simple. A need is a singular thing that is needed. Needs is when there is more than one thing that is needed.
What is the difference between marketing concept and production concept?
Maketing concept can be difine as finding out about the needs of the taget market, And product concept find out the resources need for your product
What is the difference between stockists and distributors?
i also needs the answer
Is it true scarcity exists because there are limited resources to meet unlimited wants and needs?
Scarcity is the result of limited resources being available to satisfy the wants and needs of citizens. It is important for people to buy and store resources in bulk to prevent scarcity.
What is the difference between modification and adaptation?
The difference between modification and adaption is that when you modify, you change "it" to meet your needs. When you adapt to "something", you change yourself to meet the climates needs.
Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
Difference between temporary and permanent working capital?
difference between temporary and permanent working capital needs
Human wants are satisfied by A Consumers B Available Resources C Economic Systems D God?
Not (A) 'Consumers', because consumers are the humans who have needs and wants.(B) Available resources are used to meet human needs.(C) Economic systems are used to provide and distribute available resources.Not (D) God, because, if he exists there is no evidence that he has ever provided for human wants, other than through available resources and our own economic systems.So the answer is thathuman wants are satified by available resources, assisted by the economic system. Those who choose to do so can see God play an unseen and unprovable role in the distribution of available resources.
What is the Difference Between Customer Wants and Needs in a Market?
nothing
