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According to Maslow, People Will Try to Satisfy Lower-Order Needs

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According to Maslow, people will try to satisfy lower-order needs before they turn their attention to higher-order needs.


Definitions:

Transportation by Truck

The conveyance of goods and materials by road using trucks, as part of the logistics and freight industry.

Economical

Pertaining to efficient use or management of resources to prevent wasteful expenditures.

Wheel of Retailing

is a concept that illustrates how new retailing forms often start at a low price point with minimal services before evolving into more established forms with higher costs and services.

Competitive Foothold

A strategic position obtained by a company in a market that gives it an advantage over its competitors.

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