What Is the Difference Between Utilitarian and Hedonic Needs

question 74

Essay

What is the difference between utilitarian and hedonic needs?

---

Definitions:

Internal User

Individuals within an organization, such as management and employees, who use financial information for decision-making purposes.

Creditor

An entity or person to whom money is owed by the business.

Department Manager

An individual responsible for overseeing a specific department's operations, budget, and staff within an organization.

Direct Material

Raw materials that can be directly attributed to the production of a specific product, part of the variable costs of manufacturing.