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A:
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What are the determinants for an individual demand?
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- Can you distinguish among needs, wants, demand ?Satisfaction of consumer needs and wants is the focal point of the marketing philosophy and the customer is considered to be king.’ Comment on this statement and highlight the importance of the marketing philosophy to modern business organizations.What is the range of the target market?
- 1. Why people demand in beauty products. 2. Why people demand in food products.Satisfaction of consumer needs and wants is the focal point of the marketing philosophy and the customer is considered to be king.’ Required:a) Comment on this statement and highlight the importance of the marketingphilosophy to modern business organizations.MArket problems vs market needs
- How ‘needs’ and ‘wants’ are different from one another from marketing perspective? Explain your answers with relevant examples. Mention which marketing strategy is ideally suitable for each of them?is “Development” and “description of a need” is the last step of the purchasing process.How can a company determine whether to use a pull or push strategy for a particular product?