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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
Submitted by: mcqstutor Team More Marketing MCQs →

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