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Needs - Human beings have many complex needs. These can include basic physical needs such as food, clothing, and safety. Other needs are social needs which includes affection, recognition, fame, etc.
Wants - How people communicate their needs
Demands - People have unlimited wants but also have limited sources. They tend to choose products that produce the most satisfaction for their money. When backed by buying power, wants become demands.
What else can I help you with?
What is the most basic concept underlying marketing?
Needs,Wants and demand
What is Needs Wants And Demand of marketing?
need basic biological natural drink, shelter want preference demand ability & wilingless to pass
What are the advantages and disadvantages of cooperate sales?
explain the process in relationto cooperate sales and group sales and show their different needs and wants
What is marketing shapes consumer needs and wants?
reflecting customers needs and wants
Do marketeers create needs?
They do not create needs, but moreso create wants
What are the Applications of Marketing Research?
needs,wants and demand are the applications of marketing
What role does needs and wants play in the free enterprise?
supply and demand
What is the most basic concept underlying marketing?
Needs,Wants and demand
What is the name given to the organized decisions of distributing limited resources among unlimited needs and wants?
is the name given to the organized decisions of distributing limited resources among unlimited needs and wants
What is Needs Wants And Demand of marketing?
need basic biological natural drink, shelter want preference demand ability & wilingless to pass
What is different between supply and demand?
Demand is the pressure that we put on the environment is order to meet our needs and wants but Supply is the resources that are taken from the environment.
Explain how scarcity affects everyone?
Scarcity typically induces needs and wants for people.
The public demand that businesses give proper consideration to consumer wants and needs in making its decisions is known as?
Consumerism
How do needs and wants affect natural resources?
Needs and wants drive the demand for natural resources, impacting the rate at which they are extracted and consumed. Meeting basic needs like food and shelter can put pressure on resources like land and water, while fulfilling wants for luxury goods can lead to the extraction of nonrenewable resources and environmental degradation. Balancing needs and wants is crucial for sustainable resource management.
An electrician wants to replace wire in place of fuse. what should we do?
I'd find another electrician or at least demand that he explain how/why this will not jeopardize your home.
Explain the concept of scarcity in relation to oppotunity cost?
Scarcity is the concept of finite resources in a world of infinite needs and wants. Economics assumes people are greedy and always haveneeds and wants. However, there is only a certain amount of most goods.Therefore, people are forced to choose among their needs and wants,because Mother Nature does not satisfy our needs and wants infinitely.Scarcity encompasses these choices.
Human needs and wants are neither uniform in all parts of the world nor static over the year explain?
human needs and wants are neither uniform nor static means their requirment are not static they always changs their requirment.ex in anc
