ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When translated into real buying, wants become
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self-esteem needs.
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demands.
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physical needs.
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social needs.
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Explanation:
Detailed explanation-1: -A want becomes a demand only when it is backed by the ability of purchase. Demand of a commodity refers to the desire to buy the commodity backed with the purchasing power. Was this answer helpful?
Detailed explanation-2: -Demands-human wants backed by buying power.
Detailed explanation-3: -Desire backed by the ability to pay and willingness to buy that commodity is called demand.
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