Do you know the difference between needs and wants? Whencompanies that sell coffee develop their marketing strategy, do theyconcentrate on satisfying their customers’ needs or wants? What about autility company, such as the local power company or a humanitarianagency, such as Doctors without Borders?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment
Section: Chapter Questions
Problem 3CTQ: What kind of responses would you expect from Teslas rivals in the automobile manufacturing industry...
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Do you know the difference between needs and wants? When
companies that sell coffee develop their marketing strategy, do they
concentrate on satisfying their customers’ needs or wants? What about a
utility company, such as the local power company or a humanitarian
agency, such as Doctors without Borders? 
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