Wants v. Needs

A businesswoman who has three mobile phones

• Need

• Want

An FEU student who wants to have his own car for transportation even though his house is just 10 meters away from the school

• Need

• Want

An IT/CS student who ask his/her mother to buy him/her a laptop

• Need

• Want

An engineering student who bought a high end scientific calculator

• Need

• Want

Eating ten times a day

• Need

• Want

Tom decided to buy $200 worth of new clothes. Which of the following would be good reasons for the clothes being a need and not a want. (Pick 2)

• Tom needed to look more stylish. His other clothes were too ugly.

• Tom needed to fit in with his friends. All of his other friends wear the type of new clothes he bought.

• Tom needed to buy new clothes for his new job. His job has a certain dress code.

• Tom needed to wear name brand clothes. His other clothes were from stores that no one shops at anymore.

• Tom needed to buy new clothes because he lost all of his other clothes. Unfortunately, Tom’s house was flooded.

Which is a need?

• Soda

• Coffee

• Water

• Gatorade

Which is a want?

• A place to live (shelter)

• Oxygen

• Car

• Food

What are 2 questions you should ask yourself when determining if something is a "want" or a "need"? (Pick 2)

• What would happen if I didn't buy this?

• What would happen if I bought a cheaper version instead?

• What is the best fashion designer?

• How many people already have this product?

Is a computer a need or want?

• Need

• Want

• Depends on your individual situation