Define Needs and Wants

question 229

Essay

Define needs and wants. Can marketing shape a person's wants? Explain your answer.

---

Definitions:

M.B.A.s

Terminal degrees in the field of business administration, aiming to provide professionals with comprehensive knowledge in managing businesses.

Advertising Budget

The allocated sum of money set aside by a business to promote its products or services through various advertising channels.

Ambrosia

In the context of mythology, it's the food of the gods, often associated with immortality; in culinary terms, it denotes a sweet fruit salad.

Bubble Gum

A type of chewing gum designed to be inflated out of the mouth as a bubble.