Needs Which Represent the Need for Acceptance from and Association

question 38

Multiple Choice

Needs which represent the need for acceptance from and association with others are called?

• A) Situational needs
• B) Functional needs
• C) Social needs
• D) Psychological needs
• E) Knowledge needs

---

Definitions:

Collusive Agreements

Secret or illegal cooperation or conspiracy, especially between firms, to deceive or defraud others, restrict competition, or fix prices.

Price Leadership Model

A market structure where one leading firm sets the price for its product and the other firms in the market follow suit, adjusting their prices accordingly.

Nonprice Competition

A strategy where businesses compete on factors other than price, such as product quality, service, or brand reputation.

Shrinking PC Market

A trend indicating a decline in the demand or sales of personal computers, often due to shifts toward mobile devices or other technologies.