When Frank Buys His Own House, He Would Like to Have

question 48

Multiple Choice

When Frank buys his own house, he would like to have a home theater system and a jacuzzi. He plans to save enough money in the next three years so that he can fulfill his wish. Frank's desire for the home theater and the jacuzzi is an example of a(n) ________.

• A) need
• B) want
• C) demand
• D) unstated need
• E) latent demand

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Definitions:

Internal Customers

Individuals or departments within an organization that receive products or services from other parts of the company.

Employees of a Department

Individuals who work within a specific division or section of an organization, focusing on particular tasks or responsibilities.

Elton Mayo

A pioneering researcher in industrial and organizational psychology, known for conducting the Hawthorne Studies which highlighted the importance of social relations in the workplace.

Complex Needs

Situations or conditions that require multiple forms of support or intervention due to their intricate or compounded nature.