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The need-want-satisfaction chain refers to the process through which individuals identify their needs, translate them into specific wants, and seek satisfaction through the acquisition of goods or services. It begins with recognizing a basic need (e.g., hunger), which evolves into a want (e.g., a specific type of food). Finally, individuals take action to fulfill that want, leading to satisfaction when the need is met. This chain highlights the interplay between human motivation and consumption behavior.

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1mo ago

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What is the explanation of need-want-satisfaction chain?

Want - what it is you would like to have Need - what it is you must have Satisfaction - the motive you get when the want and the need are both fulfilled


What are the steps in the Want-Satisfaction Chain?

http://www.curriculumlink.org/econ/materials/chain.html


What are the steps of the want-satisfaction chain of buying a CD?

The want-satisfaction chain of buying a CD begins with the recognition of a desire or need for music, often triggered by an emotional response or recommendation. Next, the consumer searches for information about available CDs, considering factors like artist, genre, and reviews. After evaluating options, the consumer makes a purchase decision, selecting a specific CD based on preferences and budget. Finally, the satisfaction is derived from the enjoyment of the music, fulfilling the initial want.


What is a need or want that is strong enough to cause a person to seek satisfaction?

Motive. A need or want that is strong enough to cause the person to seek satisfaction. Need Recognition. The beginning of the consumer decision process; occurs when consumers recognize they have an unsatisfied need & want to go from their actual, needy state to a different, desired state.


Is a car a want or a need?

Both. People sometimes want a car for personal satisfaction and social status. It's also a need, as they are necessary for getting to and from work and dropping children off to school.


What is consumer satisfaction?

Satisfaction of a consumer want is an essential part of the marketing operation. Fundamentally, a person buys (acquires) a product for the satisfaction it will provide. Satisfaction of a consumer want is an essential part of the marketing operation. Fundamentally, a person buys (acquires) a product for the satisfaction it will provide.


What is a process improvement objective?

It is (one of) the reason(s) you want to change a work process in an organization. It also tells you what you want/need to achieve by changing the workprocesses.Examples are:- faster throughput- reduced waste- lower cost- higher employee satisfaction- higher customer satisfaction


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Which is more important personal satisfaction or professional satisfaction?

They go hand in hand. If you are personally satisfied, you are a professionally better/happier employee. If you are professionally satisfied, you are a happier person and that is reflected at your job.


How can I shorten a bicycle chain?

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To remove a bike chain link, you will need a chain tool. First, position the chain tool on the pin of the link you want to remove. Then, turn the handle of the chain tool to push the pin out of the link. Once the pin is partially out, you can use pliers to pull it completely out. Be careful not to lose the pin, as you may need it to reattach the chain later.


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Music art and drama.