Which state of felt deprivation drives a consumer toward purchasing a product or service to achieve satisfaction?
AWant
BDemand
CUtility
DNeed
Explanation
* A Need is a state of felt deprivation regarding basic human physical, social, or individual requirements.
* Wants are needs shaped by culture and personality; Demands are human wants backed by purchasing power; Utility is satisfaction derived from consumption.
* According to Philip Kotler, marketers do not create needs; needs pre-exist, and marketers influence wants.
Exam Relevance
- Topic: Marketing Foundations
- Subtopic: Core Terms

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