Needs wants goods and Servases
A need is something that......
Is essential to live.
Maslows highest leve of need is......?
self-actualization
A buisness exists to.....
Satisfy needs and/or wants
Luxury goods are.....
non-essential items
A want is something that......
Adds pleasure to your life
maslow’s lowest level of need (most important) is …
physiological
businesses that fail to meet customer needs _______
often lose sales to competitors
essential services include …
salons
theme parks
health care
spotify
Healthcare
A "Good" is......
A product you pay for
what is maslows Heirachy of needs?
Maslow’s Hierarchy of Needs is a pyramid showing that kids need their basic, physical needs met (food, sleep, safety) before they can focus on higher goals like friendship, confidence, and learning.
A buisness can raise profit by.....
improving efficiency
What is a luxury servase and good
a luxury servaice is a servaice that isnt essential to live
Luxury good is a product you can buy that isnt essential to live.
A "servace" is......
Somethiing you pay to get done
How many layers are in Maslow’s Hierarchy of Needs?
5
What is a Trend
A trend is something everyone dose/loves that only lasts for a few weeks
What is an essential good and servase
An essentiaal good is something you can buy that you need to live
An essential servase is a servase that you need to live
Bread is an example of......?
Essential good
Maslows order
Physiological Needs, Safety and security, love and belonging, self esteem, Self-actualization
A Fad is_______
Something everyone dose/loves for a long period of time
Bread is an example of________
essential good