Asked by Anamari Kolak on May 12, 2024
Verified
A person's needs are wants that are learned by a person, while wants result from a lack of something desirable.
Needs
Needs are essential requirements or desires that drive individuals to take actions or make decisions in pursuit of satisfaction or fulfillment.
Wants
Needs that are learned by a person.
- Gain insight into how psychological, social, and economic dimensions affect consumer behavior.
Verified Answer
MZ
Maham zaheerMay 17, 2024
Final Answer :
False
Explanation :
Needs are basic requirements for survival like food, water, and shelter, while wants are desires for goods and services we would like to have but do not need for survival.
Learning Objectives
- Gain insight into how psychological, social, and economic dimensions affect consumer behavior.
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