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Economic Decision Making

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Q: Process of choosing which needs or wants willbe satisfied?
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People whose needs and wants are satisfied are called what?

People whose needs and wants are satisfied are called consumers. I HOPE THIS HELPS YOU!!


Are wants and needs the same According to Maslov?

Wants and needs are not the same. According to Mazlow, needs are basic things for human survival and are lower on the heirarchy than wants which can only be satisfied after needs are satisfied.


According to Maslow's hierarchy-of-needs pyramid love and belonging needs are satisfied after which needs?

The needs of safety


What happens to maslow's theory when a need is satisfied?

Another higher-level need emerges that needs to be satisfied


Does technology progress so new needs can be satisfied?

the answer is TRUE .


The needs pyramid suggests that psychological disorders arise from individuals'?

Answer: unfulfilled or inadequately satisfied needs BY LECHO648


What is customer service defined as?

able to satisfied their needs and happy about services


Why conversion of a photon to an electron positron pair is not possible in free space?

Because energy mass conservation will not be satisfied in free space, so that this process needs some material by which this conversion will be proceed.


What happens when a need is satisfied according to maslow's theory?

When a need is satisfied according to Maslow's theory, an individual's attention shifts to fulfilling the next higher level need in the hierarchy. As lower level needs are met, people progress towards fulfilling higher level needs such as social belonging, esteem, and self-actualization. This phenomenon is known as the hierarchy of needs.


What is define as great customer service?

able to satisfied their needs and happy about services


What theory states that biological needs drive an organism to act in certain ways until its needs are satisfied?

Drive-Reduction


What does HAPPY really mean?

A MAN IS SAID TO BE HAPPY WHEN HE IS SATISFIED WITH WHAT HE HAS OR WHEN HIS NEEDS ARE FULFILLED ...NEEDS IS THAT OF PSYCHOLOGICAL. THUS,HAPPY MEANS SATISFACTION.