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3. Why might understanding needs and wants matter to a business?

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3. Why might understanding needs and wants matter to a business?

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It matters to business because if they understand the difference they will be successful. I say this because if they think everything is a need they will go bankrupt from the amount of money they spent on useless things. and if they think they dont need a lot of things they wont attract costumers or wont satisfy them which will soon make them bankrupt.

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2. How do people satisfy their wants and needs?

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2. How do people satisfy their wants and needs?

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People really dont "satisfy" there needs. I say this because these certain items are necessary for survival and if they dont get these certain items it can cause bad things to happen. Now for wants people satisfy there wants by pleasing or treating themselves. For example you can either eat something cheap and proportional (Need), or you can TREAT yourself and go out to eat and spend 50$ and eat for 2(Want).

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1. Why is it relevant for you to understand the difference between needs and wants?

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1. Why is it relevant for you to understand the difference between needs and wants?

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Spotify logo is seen by 140 million people every month - it is a number of visitors of popular service. How many people know the history of the company's logo?