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What is marketing shapes consumer needs and wants?
reflecting customers needs and wants
What are the disadvantages of the marketing orientation?
*can be hard to target campaigns at such a large Market *high costs as constant Market research needs to be carried outs so may lower profit margin or have high costs *not targeting a specialised sub-Market to hard to fulfil lots of consumers needs *hard to achieve product differentiation and stand out from competition *consumer wants can change quickly and may be hard to keep up with needs
Do marketeers create needs?
They do not create needs, but moreso create wants
Explain Needs wants demand?
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.
Does marketing creates needs and wants or needs and wants creates marketing?
In ideal situations, needs should create marketing. The best value comes when a marketing department identifies various needs and develops products that are going to meet those needs at a profit.
What needs and wants are hard to answer for Government intervenes in market economies?
Money makes is hard to determine what needs and wants people can afford. The government has difficulty intervening in market economies because financial situation vary greatly.
What is marketing shapes consumer needs and wants?
reflecting customers needs and wants
How does production help in satisfying needs and wants?
It provides products to satisfy your needs and wants.
When wants are supported by purchasing power do they become needs?
No, it is not true that when wants are supported by purchasing power it becomes needs. Needs are items that have to be purchased, wants are items that are desired.
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.
What is the importance of capital in satisfying human needs and wants?
when you invest your capital, you create the products which will satisfy human needs and wants you can also be creating needs and wants.. but that's an other story
What were europeans wants and needs?
Europeans Wants and needs •want wealth •need shelter
What should come first needs or wants?
Needs.
What are the disadvantages of the marketing orientation?
*can be hard to target campaigns at such a large Market *high costs as constant Market research needs to be carried outs so may lower profit margin or have high costs *not targeting a specialised sub-Market to hard to fulfil lots of consumers needs *hard to achieve product differentiation and stand out from competition *consumer wants can change quickly and may be hard to keep up with needs
How does income limit wants?
Income usually is firstly concerned with needs, if income covers needs and leaves a surplus that can be used for wants. If income only covers needs wants become dreams.
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.
Are wants the means of satisfying needs?
No, wants are not the means of satisfying needs. Needs are essential for survival, such as food, water, and shelter, while wants are desires or preferences that are not necessary for survival. Meeting needs is critical for sustaining life, while wants are more about personal satisfaction or pleasure.
