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In the ERG Theory, Existence Need Corresponds to Maslow's Physiological

question 97

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In the ERG theory, existence need corresponds to Maslow's physiological and safety needs.


Definitions:

Cheapest Product

The item or service offered at the lowest price among a range of products.

Proximity

The state of being close or near in space, time, or relationship.

Small Business Owner's Product

A product or service that is offered by an entrepreneur owning and running a small-scale business.

Breakeven Point

The level of production or number of sales at which costs equal revenues, resulting in neither profit nor loss.

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