CHILD DEVELOPMENT PEDAGOGY

Detailed explanation-1: -Needs represents the necessities while wants indicate desires. Needs are important for the human being to survive. As against this, wants are not as important as needs, because a person can live without wants. Needs are those items, that are required for life and does not change with time.

Detailed explanation-2: -Why should marketers distinguish between needs and wants? It helps them provide products that fulfill customers’ wants and satisfy their underlying needs.

Detailed explanation-3: -Why is it important to distinguish between wants and needs when defining the problem in a buying decision? The wants is not really important as to so if the product does what is needed and that can throw off consumers because they want what they want. How do your values affect your use of money?

Detailed explanation-4: -In short, needs are things that satisfy the basic requirement. Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for.