Maslow's Hierarchy of Needs Theory Suggests That Individuals Are Interested

question 20

True/False

Maslow's hierarchy of needs theory suggests that individuals are interested in luxuries even if their basic needs are not met.

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Definitions:

Product Variety

The range of different products or services offered by a company to meet various customer needs and preferences.

Distribution Network

A system of warehouses, transport services, and distribution centers that facilitates the movement of products from manufacturers to consumers.

Manufacturer

A company or individual that produces finished goods from raw materials using various processes, tools, and machinery.

Economies Of Scale

The cost advantage achieved by an increase in production, leading to a lower cost per unit.