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Briefly Compare and Contrast the Concepts of Needs,wants,and Demands,giving an Example

question 15

Essay

Briefly compare and contrast the concepts of needs,wants,and demands,giving an example of each.Discuss how these concepts relate to marketing practices.


Definitions:

Analytical Mind

The capability to critically analyze information, solve problems through logical reasoning, and evaluate ideas.

Archetype

In psychology, a universally understood symbol or pattern of behavior, often derived from myths and collectively inherited unconscious.

Supraordinate

An overarching or superior category or classification that encompasses more specific items related to a broader concept.

Unconscious Elements

Aspects of the mind that are not within one's conscious awareness, influencing thoughts, feelings, and behaviors.

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