Briefly Compare and Contrast the Concepts of Needs, Wants, and Demand

question 45

Essay

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

---

Definitions:

Insert Options

Features or commands in software that allow users to add new data or elements into documents, databases, or other applications.

AVERAGE Function

A function in spreadsheet programs that calculates the mean value of a range of cells, providing a summary statistic of the data set.

Proofing Group

Tools in software applications used for reviewing and correcting text, including spell check and grammar check.

Format Cells Dialog

A feature in spreadsheet software that allows users to change the appearance of cells, including their borders, colors, and number formatting.