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Q: Why is it relevant for you to understand the difference between needs and wants?

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Q: Why is it relevant for you to understand the difference between needs and wants?

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A: It is elemental to know the difference between your needs or want. This is because needs would be something you depend on in order to sustain a healthy body. For example, you need water and food in order to keep your body healthy and alive. Wants would be something you desire that you could or cant get. For example, I am hungry and need to eat and I want mac and cheese.

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Q: How do people satisfy their needs and wants?

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Q: How do people satisfy their needs and wants?

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A: People can easily satisfy their needs and wants very quickly or over a long period of time. For needs sometimes it won't take long because if you are thirsty all it would take to quench your thirst would be a short walk to the refrigerator. For a want it could take  long amount of time because you could want to grow up and have you're profession be a doctor it would take years and years in order to go through schools.

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Q: Why might understanding needs and wants matter to business

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Q: Why might understanding needs and wants matter to business

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A: Understanding needs and wants is key in order to run a good long lasting business. This is because by understanding your consumers needs and wants you can market your product towards them. By doing this and properly advertising your product, you could see a increase in sales.