Final answer:
The marketing of certain products is designed to convince consumers that they are needs by emphasizing their essential features for daily life, using persuasive advertising to make them seem indispensable, and highlighting their benefits and intangible aspects like satisfaction guarantees.
Step-by-step explanation:
The marketing of products like computers and bottled water often aims to convince consumers that these items are needs, not just wants. This strategy can be seen in different approaches:
- Emphasizing essential features and functionalities that are crucial for daily life, for example, a computer's processing speed and memory capacity that a small business owner might need.
- Utilizing persuasive advertising tactics that suggest these items are indispensable for survival, thus influencing the perceived demand curve to become more inelastic or causing it to shift to the right.
- Highlighting benefits like health and productivity gains from using the products, which are often backed by testimonials and may include intangible aspects such as satisfaction guarantees or reputations for high quality.
- Creating a sense of urgency or necessity through limited-time offers
These methods are designed to differentiate a firm's products in the minds of consumers and can influence their purchasing decisions significantly, leading to increased profits for the firm.