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_____ refers to a state of felt deprivation.

a. Wants
b. Demands
c. Needs
d. Marketing offerings

User Nepo Znat
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1 Answer

6 votes

Final answer:

Needs refer to a state of felt deprivation and are essential for survival, including food, clothing, and shelter.

Step-by-step explanation:

The term needs refers to a state of felt deprivation, which is a basic requirement for survival and includes essentials such as food, clothing, and shelter. Unlike wants, which are ways of expressing needs (e.g., wanting pizza as a way to satisfy the need for food), and demand, which is the amount of a good or service consumers are willing and able to purchase at a given price, needs indicate the fundamental necessities required to sustain life.

User KnownAsDon
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