Which statement best distinguishes between consumer needs and wants?

Multiple Choice

Needs are far more influential than wants with respect to marketing decision making.

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

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 be guaranteed to satisfy.

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

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