According to Maslow's Hierarchy of Needs, Which of the Following

question 29

Multiple Choice

According to Maslow's hierarchy of needs, which of the following is a lower-order need?

• A)social
• B)safety
• C)esteem
• D)self-actualization
• E)recognition

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Definitions:

Mark-up

The amount added to the cost price of goods to cover overhead and profit, determining the selling price.

Regular Selling Price

The standard or usual price at which a product is sold to consumers, without any discounts or promotions.

Markdown

A reduction in the selling price of goods or services, typically to clear excess inventory or stimulate sales.

Selling Price

The amount of money for which a seller offers goods or services to buyers.