Define Needs and Wants

question 229

Essay

Define needs and wants. Can marketing shape a person's wants? Explain your answer.

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Definitions:

Corporate Social Responsibility

The concept that businesses should be accountable for their impact on society and the environment, going beyond profit-making to ethical, social, and ecological concerns.

Mary Parker Follett

An early 20th-century social worker and management consultant who emphasized the importance of human relations and collaborative management in organizations.

Maslow

A theory of human motivation that suggests people are motivated by a hierarchy of needs, starting from basic physiological needs to self-actualization.

Self-Actualized

Pertaining to the state of having achieved one's full potential, often associated with realizing personal talents and capabilities.