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one answer: "Want" refers to what you absolutely have to have and "need" refers to something that you don't really lust for -- but you just need it. A need is a necessity. another answer: a "want" refers to something that you would prefer to have, what you see as a good rather than a bad. A "need" refers to something that is absolutely necessary to your health (both physical and mental). You may not want to eat salt or take insulin (if you have Diabetes), but they are necessary to your health.

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How marketer differentiate between needs want and demand?

Marketers differentiate between needs, wants, and demand by understanding their distinct characteristics. Needs refer to basic human requirements essential for survival, such as food, shelter, and safety. Wants are specific preferences or desires for products or services that can satisfy those needs, influenced by culture and individual personality. Demand arises when consumers not only desire a product but also have the purchasing power to acquire it, reflecting their willingness and ability to buy.


What is the difference between needs and wants?

Needs are things that are essential for living whereas wants are things want that are not essential.


What needs and wants are hard to answer?

Needs and wants that are hard to answer often involve complex emotional or psychological factors, such as the desire for belonging or self-actualization. Additionally, societal pressures and cultural expectations can complicate understanding individual needs, making it challenging to differentiate between what one truly needs and what is merely desired. Furthermore, external circumstances like financial constraints or health issues can obscure the clarity of these needs and wants. Ultimately, the subjective nature of human experience makes many of these questions difficult to address definitively.


Why do people misunderstand wants as needs?

People often misunderstand wants as needs because of societal pressures and marketing influences that blur the lines between essential and non-essential items. Emotional factors, such as the desire for status or comfort, can lead individuals to perceive their wants as necessities for happiness or fulfillment. Additionally, the lack of critical thinking about personal priorities can make it challenging to differentiate between what is truly essential for survival and what simply enhances quality of life.


What is a link between economic wants and preferences?

A link between economic wants and preferences is always the basic needs that are essential for our daily life. Preferences can be made after defining the economic wants and basic needs of the people involved.


What is the Difference Between Customer Wants and Needs in a Market?

nothing


Differentiate needs from wants?

A need is something that a person has to have in order to survive.Things like food, water or shelter are needs while Want is simply something that a person desires or things which you wish to have. Things like PSP, video games, and computers.


Differentiate between general and specific reserve?

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Can you give some example sentences using the word 'differentiate'?

It's important to differentiate between right and wrong. She could not differentiate between the two identical twins. The new software features were designed to help differentiate their product from competitors. The expert could easily differentiate authentic artwork from fakes.


What term is used to describe the difference between limited resources and wants and needs?

scarcity


What is the distinction between economic wants and economic needs?

economic wants is something the economy wants as an extra An economic need is something wither a object or servise for the economy to survive! Hope this helps! :)


Differentiate between javascript and HTML?

Differentiate a pilot and a plane!