Question: Which statement best distinguishes between consumer needs and wants? Multiple Choice Wants occur when a person feels deprived of luxury items while needs are solely

Which statement best distinguishes between consumer needs and wants?

Multiple Choice

Wants occur when a person feels deprived of luxury items while needs are solely possessions required to maintain relationships.

Needs and wants are psychologically the same, but needs are those that a consumer can fune guaranteed to satisfy.

Wants affect marketing decisions primarily for planned purchases while needs affect marketing decisions primarily for impulse

Needs occur when a person feels deprived of basic necessities such as food, clothing, and shelter while wants are determine person's knowledge, culture, or personality.

Which statement best distinguishes between consumer needs and wants? Multiple Choice

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