Which statement best distinguishes between consumer needs and wants?

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Multiple Choice

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.

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

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

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.