Question: 5-3 Explain the difference between a need and a want.

5-3 Explain the difference between a need and a want.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Consumer Behaviour Questions!

Q:

5-1 What is motivation and why is this idea so important to marketers? 5-2 Describe three types of motivational conflicts. Cite an example of each from a current marketing campaign. 5-3 Explain the...

Q:

Short answers Problem 5-1 Explain the difference(s) (if any) in being a co-owner of a business Partnership versus a Limited Liability Corporation (LLC), in terms of a) liability, and b) taxes Problem...

Q:

5.1. Explain the difference between the calculation of normal point elasticity of demand and the calculation of arc (or midpoint) elasticity of demand. (2) 5.2. 5.3. Explain the difference between...

Q:

Please answer the following questions briefly. (10 qts x 10 pts = 100) 1. In the early stages of development, consumer behavior was known as buyer behavior. What important aspect of the exchange...

Q:

all the 10 questions pleaseee Please answer the following questions briefly. (10 qts x 10 pts = 100) 1. In the early stages of development, consumer behavior was known as buyer behavior. What...

Q:

Explain the concept of involvement and its relationship to motivation over examples. (Long and good answer please) Consumer Behaviour 1. In the early stages of development, consumer behavior was...

Q:

What is motivation, and how is this idea relevant to marketing? Explain the difference between a need and a want. Describe three types of motivational conflicts, citing an example of each from...

Q:

Please Use your keyboard ( Don't use handwriting ) Thank you.. I need new and unique answers , please. ( Use your own words, don't copy and paste ) Explain the concept of the 80/20 rule and why it is...

Q:

Explain the difference between a need and a want?

Q:

Explain the difference between a need and a want.

Q:

8. An AVL tree is a balanced binary search tree in which the height difference between the left and right subtree of any node in the tree is no more than one. Is he below tree an AVL tree? Must...

Q:

If Apple expects to return cash to the US and expects a lower tax rate at that time should the company record an accounting entry. At what tax rate should the entry be recorded the rate currently in...

Q:

7. Indicate whether each of the following types of account would normally have a debit balance or a credit balance: a. An asset account b. A liability account c. The owners capital account d. A...

Q:

A documentation tool that depicts the physical flow of information relating to a particular trans action through an organization is a (n) a. ER diagram. b. program flowchart c. decision table.. d....

Q:

Student groups should consider the product category of gas/electric hybrid vehicles. Based on the consumer decision-making process, they should design a strategy for a company selling this product....

Q:

Have individual students evaluate a recent purchase of a large-scale item (e.g., expensive clothing, car, stereo system, appliance, furniture, etc.) based on the stages in the Consumer Decision...

Q:

List the steps in the model of cognitive decision-making.

Q:

The following information is available for Crane Company for the year ended December 31, 2022: Accounts payable 4,300 Stock investments (long-term) 9.100 Accumulated depreciation, equipment 3,700...

Q:

Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2021 and 2020, and the increases or decreases in each account from 2020 to 2021. Also presented is selected income...

Q:

Pharoah Industries expects credit sales for January, February, and March to be $207,800, $252,500, and $299,900, respectively. It is expected that 80% of the sales will be collected in the month of...