ENTREPRENEURSHIP

Detailed explanation-1: -Consumers are defined as individuals or businesses that consume or use goods and services. Customers are the purchasers within the economy that buy goods and services, and they can exist as consumers or alone as customers.

Detailed explanation-2: -Ultimately, all customer needs can be categorized into three main types: functional, social, and emotional needs.

Detailed explanation-3: -Physiological Needs − Food, clothing, air, and shelter are the first level needs. They are known as the basic necessities or primary needs. Safety or Security Needs − Once the first level needs are satisfied, consumers move to the next level. Physical safety, security, stability and protection are the security needs.