Marketing management
- Thread starter Muraly
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- management marketing
Needs refer to the basic biological needs of human beings like need for air to live, need for water to drink, need for shelter to live, need for safety etc..
When these needs are backed up by something, it becomes demand. For example you have a need to drink, Now what to drink? If you want to drink water, it becomes your want for water.If you want to drink milk, it becomes your want to drink milk.
Similarly when there are wants and the people are willing to fulfill that want and they are able to fulfill those wants(Like they have enough funds to purchase water or milk) it is known as demand.
When these needs are backed up by something, it becomes demand. For example you have a need to drink, Now what to drink? If you want to drink water, it becomes your want for water.If you want to drink milk, it becomes your want to drink milk.
Similarly when there are wants and the people are willing to fulfill that want and they are able to fulfill those wants(Like they have enough funds to purchase water or milk) it is known as demand.
*Needs refer to the basic biological needs of human beings like need for air to live, need for water to drink, need for shelter to live, need for safety etc..
When these needs are backed up by something, it becomes want. For example you have a need to drink, Now what to drink? If you want to drink water, it becomes your want for water.If you want to drink milk, it becomes your want to drink milk.
Similarly when there are wants and the people are willing to fulfill that want and they are able to fulfill those wants(Like they have enough funds to purchase water or milk) it is known as demand.
When these needs are backed up by something, it becomes want. For example you have a need to drink, Now what to drink? If you want to drink water, it becomes your want for water.If you want to drink milk, it becomes your want to drink milk.
Similarly when there are wants and the people are willing to fulfill that want and they are able to fulfill those wants(Like they have enough funds to purchase water or milk) it is known as demand.
Hi, please see below for the answer and hope its helpful 
A customer's needs are things like food, shelter, transportation, etc. Basically essentials for everyday normal function.
A customer's wants would be along the lines of sexual appeal, high social status, pleasure, etc.
A customer's demands are usually safety, quality, and value.
Needs are the basic requirements of human beings which are naturally exist means default requirement of human being such as food, sheleter and clothing. Marketers never perform special role in creating needs nor they can do.
Wants are needs shaped by culture and social values and demands are wants backed by purchasing power.
A customer's needs are things like food, shelter, transportation, etc. Basically essentials for everyday normal function.
A customer's wants would be along the lines of sexual appeal, high social status, pleasure, etc.
A customer's demands are usually safety, quality, and value.
Needs are the basic requirements of human beings which are naturally exist means default requirement of human being such as food, sheleter and clothing. Marketers never perform special role in creating needs nor they can do.
Wants are needs shaped by culture and social values and demands are wants backed by purchasing power.