A Product Is a Collection of Solutions to Needs and Wants

question 60

True/False

A product is a collection of solutions to needs and wants.

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Definitions:

Dessert Buffet

A meal or display that offers a variety of sweet dishes, such as cakes, pies, and pastries, for self-service.

Incentive

A thing that motivates or encourages someone to do something, often seen as a reward or punishment scheme in behavioral psychology.

Drive

An inner motivation or urge that propels an individual to act or achieve certain goals.

Optimal Stimulation

A psychological theory proposing that individuals seek an optimal level of arousal, with too little leading to boredom and too much resulting in stress.