ENTREPRENEURSHIP

Detailed explanation-1: -In marketing, satisfying customer needs and wants is the easiest way to increase profits and sell more products and services. The definition of desire in marketing is finding what the consumer is longing for and needing. Marketing strategies look to fulfill different needs to get the consumer to buy the product.

Detailed explanation-2: -How does marketing satisfy a need? Once a person is convinced that they have a need, marketing brings solutions to the customer. Using various marketing channels and communicating a clear solution, marketing communications have the power to bring awareness to the customer and inspire them to make a purchasing decision.

Detailed explanation-3: -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.