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What is the difference between a need and a want?

What Is The Difference Between "Need", "Want", " Demand".?

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    These are the three key concepts of marketing, and they are differentiated as follows. Needs are the basic human requirements; people need food, air, water, clothing, and shelter to survive and also have strong needs for creation (through sexual intercourse), education, and entertainment. These needs become wants when they are directed to specific objects that might satisfy the need, though these wants in themselves are not essential for living. Someone will need food but may want a hamburger, fries and a soft drink, but someone else will also need food in just the same manner but will also want a mango, rice, lentils and beans. Wants are therefore shaped by one's society and surroundings. The third concept, demands, are wants for specific products backed by an ability to pay. Many people want a luxury car or a weekend break in the Caribbean, but only a few people are willing and able to buy one. In business terms, companies must measure not only how many people want their product but also how many would actually be willing and able to buy it. In marketing there are five kinds of needs: Stated, real, unstated, delight and secret. Marketers have played on the secret needs in recent years as this is the sort which makes the customer be seen as savvy and a great consumer, and have adopted all sorts of tricks to skew demand, since there has been more disposable income in the modern age and shopping has become a prime leisure activity. In some ways there is a chain here; more education means more awareness of the wants and more money to spend on a demand, so in a good and just society there is a large number of people who push for the demand of a certain product, and this has given rise to very successful companies who must make brand awareness and corporate social responsibility key facets of their engagement with the public, otherwise known as ‘the customer’.

Hayley Clarke at Blurtit.com Visit the source

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In normal context, [need] and [want] and [demand] may be often used interchangeably. In marketing concept, however, people define them with diverse senses. #. (need) A need is a basic requirement that an individual wishes to satisfy. Basic human needs are food, drink, shelter, clothing, safety, affection, etc. They are all essential to humans, so wars and other troubles could stem from any scarcity of those stuffs. #. (want) A want is a desire for specific products or services to satisfy underlying needs. Wants are usually shaped by http://www.blurtit.com/q938828.html and individual personality. This means that people can have the same needs, but different wants. Let's take "the need of food" as an instance, I am a Vietnamese so it is quite common that I want to have rice and vegetable on my table every night. Kim is my friend and she want to save time by enjoying her KFC hamburger in her car. #. (demand) A demand is a want for products or services for which you are willing and able to pay. This is to say, if I am broken - yeah, it's true so far - I hardly demand for many things. I like flying and I want, really want, to own a helicopter. Many people have this dream in common, but unfortunately only few of them could actually purchase a helicopter. TAKING IT FOR GRANTED, EVERYONE NEEDS SOMETHING, BUT THEY MAY WANT DIFFERENT THINGS TO FULFILL THE SAME NEEDS. HOWEVER, WANTS ARE JUST FEELINGS, YOU MUST HAVE BUCKS TO TURN WANTS INTO DEMANDS.

Anonymous

A need: Is something that is ESSENTIAL for a living (a good or service that you need for survival) examples: Shelter, clothing & clean water A want: Is something that you would like to have but it is not essential for living (a good or a service that if you don't have it, you would still survive) examples: Cars, laptops & game consoles A demand: Simply, it is something that you want to have plus the money for purchasing it (a want that you are able to get because you have the money for getting it) examples: Mobiles , a computer & or access to the internet. (surely you have an access to the internet or you would not be reading this right now... So it is a demand.. You want it, you have the money for it :D )

Anonymous

Needs : Food ,shelter ,clothing ,medical care wants : Entertainment ,toys and games ,

Anonymous

Needs are basic human requirements for living such as food,shelter n clothing, want is need influenced by culture and social values and demand is customer want backed by buying power. Http://www.mba-tutorials.com/marketing/162-needswants-and-demands.html

Anonymous

Demand is the product that you can able to buy need is a necessity for human e.g. Shelter food

Anonymous

Needs: Food, clothing, shelter, love, GOD wants: Laptop, trip to NY, jewelry, Wii, xbox.

Anonymous

Wants: Car, computer, xbox, ps3 (entertainment) basically anything that has an alternative to. For example. A cars alternative could be walking or possibly a bicycle.

Anonymous

Needs mean states of felt deprivation.want mean the form in which human needs take as shaped by culture and individual personality.demand mean human wants that are backed by buying power.

Anonymous

Needs are basic requirements of human being, wants are extended form of needs shaped by culture and demands are wants backed by purchasing power. Check the detail tutorial http://www.mba-tutorials.com/marketing/162-needswants-and-demands.html

Anonymous

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