Application Answer the following questions.
1. What is the difference between needs and wants?
2. What are the basic needs of man? Why are they called basic?
3. Differentiate products from services. 4. What are the five hierarchy of needs as proposed by Maslowę Give examples of each
5. Why do we need to consider the needs of people in buying and selling products
6. If you are an entrepreneur, at this time of pandemic, what products will you sell that people will buy because they are based on their needs?
1. What is the difference between needs and wants?
2. What are the basic needs of man? Why are they called basic?
3. Differentiate products from services. 4. What are the five hierarchy of needs as proposed by Maslowę Give examples of each
5. Why do we need to consider the needs of people in buying and selling products
6. If you are an entrepreneur, at this time of pandemic, what products will you sell that people will buy because they are based on their needs?
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Answer:
1. Needs is more important, like foods, fruits, veggies, you need them to make you healthy than wants such a toys, you don't need toys.
2. Shirt and pants, to protect them from cold
Explanation:
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