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What are different factors that can influence the needs and wants of people?
. Age, gender, occupation are the main factors which influence our needs and wants. Socio-economic status would also affect a persons wants.
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!!
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
What must business provide to consumers in order to satisfy their wants and needs?
goods and services
What is the explanation for the main characteristics of business?
The main characteristic of a business is to provide consumers needs and wants.
What are different factors that can influence the needs and wants of people?
. Age, gender, occupation are the main factors which influence our needs and wants. Socio-economic status would also affect a persons wants.
Does marketing merely reflect the needs and wants of consumers?
yeah
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!!
Why do consumers buy what they do?
Consumers buy for many different reasons, but mainly the reason involves there being a need. Needs may be wants in lower income demographies as wants may be needs in higher income demographies.
What is a disadvantage of a centrally-planned economy?
it cannot meet consumers needs and wants
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
What must business provide to consumers in order to satisfy their wants and needs?
goods and services
What is the marketing effort done for?
The aim of the marketing effort is to satisfy the needs and wants of consumers
What a major disadvantage of centrally planned economy?
it cannot meet consumers needs and wants
What is a major disadvantage of a central planned economy?
it cannot meet consumers needs and wants
What could cause you to confuse your wants and needs?
There are many factors that could influence the confusion of the two. Mostly i would say that when a want becomes strong enough a person feels as if they need it in their life. In reality wants and needs get confused all the time because needs are the basic things in life (i.e food, water, shelter) and alot of wants are variations of basic human needs.
What is the explanation for the main characteristics of business?
The main characteristic of a business is to provide consumers needs and wants.
