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Briefly compare and contrast the concepts of needs wants and demands giving an example of each?
Human needs are states of felt deprivation. Needs are part of the human make-up; they are not created by external forces. Humans have a basic physical need for food, clothing, warmth, and safety; a basic social need for belonging and affection; and a basic individual need for knowledge and self-expression. Unlike needs, wants are not innate; instead, wants are needs shaped by culture, society, and individual personality. For example, an American needs food but wants a Big Mac and a soft drink. An American with ten dollars needs food, wants a Big Mac and soft drink, and demands lunch at McDonalds. Wants become demands when they are backed by consumers' buying power. Marketers conduct extensive research to understand customers' wants and demands. They then attempt to fulfill customers' wants and demands through their market offerings.
What else can I help you with?
What are Marketing Companies?
Marketing companies are managements and organizations that work with services that create concepts for the customer. Marketers identify the development of the product, determine the cost, select the distribution of the product to the customer, develop a persuasive promotional strategy that lures customers in, and fulfills the demands of the costumers needs.
What are the marketing demands of animals?
Animals do not engage in marketing activities.
What is layout decisions?
Layout decisions are based on a great number of things. These layouts need to meet the demands of the location.
What are Marketing Logistics?
Marketing logistics are basically the physical distribution of goods. Marketing logistics involve planning, delivering, and controlling the flow of physical goods to a market as well as the material and information necessary to meet customer demands. The demands of the customer must be met at a profit that increases revenue for the orginization.
Example of nonexistent demand?
the previous demands of consumers which are totally replaced by much better products ...like bajaj scooters
How are role conflict and role strain similar?
Role conflict and role strain are both concepts related to the challenges individuals face in fulfilling their social roles. Role conflict occurs when a person experiences competing demands from different roles, leading to stress and confusion, such as balancing work and family responsibilities. In contrast, role strain arises when the demands of a single role become overwhelming or contradictory, making it difficult for the individual to meet expectations. Both concepts highlight the pressures individuals face in managing their social identities and responsibilities.
What are old and new concepts of business?
Old concepts of business often emphasized hierarchical structures, strict organizational roles, and a focus on maximizing shareholder value. These traditional models prioritized efficiency and profit margins, with limited attention to social responsibility or customer engagement. In contrast, new concepts embrace agility, collaboration, and sustainability, centering on stakeholder value and customer experience. Modern businesses often leverage technology and data-driven strategies to innovate and adapt quickly to changing market demands.
What are the four concepts of marketing?
maybe these are the 4p's of marketing w/c is promotion, pricing, produt, and placement.. I looked into this, and the core concepts of the marketing process includes: * Needs, wants and demands * Products * Value and satisfaction * Exchange & relationships * Markets
What are the core marketplace concepts?
1. Needs, wants & demands 2. Products and services 3. Value, satisfaction and quality 4. Exchange, transactions and relationships 5. Markets
If we were to compare the muscle cells of the puma to the epithelial cells would the muscle cells contain relatively more?
If we compare the muscle cells of a puma to epithelial cells, the muscle cells would contain relatively more myofibrils, which are essential for contraction and movement. Additionally, muscle cells typically have a higher number of mitochondria to meet their energy demands during physical activity. In contrast, epithelial cells are more focused on functions such as protection, absorption, and secretion, and therefore have fewer myofibrils and mitochondria.
Give examples of needs wants and demands that Build-A-Bear customers demonstrate differentiating each of these three concepts What are the implications of each on Build-A-Bear's actions?
demand- special seasonal bears wants- bears need- (not really) things for the bears
Compare mental hygiene and mental health?
mental health is pschological pain in which an individual for everyday demands of life while mental hygiene is mentally disturbed prevention in mentall illness.
When Hitler's first demands in Czechoslovakia were met?
made more demands ..;))
When Hitler's first demands in Czechoslovakia were met he .?
made more demands ..;))
Which is better nursing or physical therapist?
They are different kinds. We Can't compare. Difference may arise due to occupational demands, salary, Insurance, Government polices etc. Differences can vary any time.
What are the various sources of pressure for new laws?
Citizens demands, business demands, local and state government demands, and federal government demands, to name several.
What qualifications are required for a position that demands expertise higher than a PhD?
A position that demands expertise higher than a PhD typically requires extensive experience in the field, a strong track record of research and publications, leadership skills, and a deep understanding of complex concepts. Advanced certifications, specialized training, and a proven ability to innovate and solve challenging problems are also important qualifications.
