Tuesday, February 22, 2011

Jargon of the Day - Needs, Wants, Demands

We will be starting we the very basics or rather with what some say is the first step in marketing-Needs, Wants & Demands.

Needs - Needs are basic himan requirements e.g. Food

Wants - Need for specific objects to satisty specific needs e.g. Wanting to eat at a 5 star

Demands - Wanting something and being able to afford it. e.g. wanting to and being able to afford food at a 5 star

1 comment:

  1. Thought u'd be writing more frequently! Elaborate business proposition, missing execution?? :P

    What's the deal? pyaar shyaar toh nahi ho gaya hai ki bhook nahi lagti, neend nahi aati, aur blog likhnae ki motivation bhi evaporate ho jati??? :P:P

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