Maslow's Hierarchy of Needs and Theory of Motivation Is Based

question 75

Multiple Choice

Maslow's hierarchy of needs and theory of motivation is based on the principle that

• A) consumers increase their standard of living
• B) the per capita income will increase every year
• C) the supply of goods and services will always increase
• D) the free market system will produce an increase in the standard of living
• E) a person moves up to the next higher level need when the one lower is satisfied

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Definitions:

EDI System

Electronic Data Interchange system, allowing the structured transmission of data between organizations electronically.

Supply Chain

The entire network of entities, directly or indirectly interlinked and interdependent, involved in serving the same consumer or customer.

Power

A situation that occurs in a marketing channel in which one member has the means or ability to have control over the actions of another member in a channel at a different level of distribution, such as if a retailer has power or control over a supplier.

Pallets

Wooden, plastic, or metal platforms used to store and transport goods in a stackable form.