Asked by Donna Pollock on Apr 27, 2024

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Maslow's hierarchy of needs is an interesting concept for psychology, but it has little relevance for marketing.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a five-tier model of human needs, from basic physiological needs to self-actualization.

  • Comprehend the principle of Maslow's hierarchy of needs and its significance in the context of marketing.
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Katie TorresMay 01, 2024
Final Answer :
False
Explanation :
Maslow's hierarchy of needs is often used in marketing to understand consumers' motivations and needs for products and services. Marketers can tailor their messaging and strategies based on which level of needs the consumer is on, such as promoting safety features for a car to fulfill the need for security or promoting luxury items to fulfill the need for self-actualization.