Q3_Week 2 (ICT & Entrep)

These are goods or services that people desire or wish to have.

• needs

• wants

• demands

• social needs

Things needed for people to survive, such as food, water, and shelter.

• social needs

• security needs

• esteem needs

• physiological needs

This involves all communication between the buyer and seller to induce behavioral change.

• marketing     

• demands      

• self-actualization

• hierarchy of needs

These are the levels of interest in a product that consumers are willing to pay for at a specific price over a specific time frame.

• wants

• needs

• esteem

• demands

These are personal awareness, growth, and having less concern with the opinions of others.

• esteem needs

• security needs

• self-actualization

• physiological needs

Mary is hungry. She goes to a restaurant and orders a cup of rice and one piece of fried chicken. 

• want

• need

Jason is having lunch with his mother in a restaurant. After eating, he eats ice cream even if he is already full.  

• want

• need

Kate is a kind and hardworking schoolmate. Every morning, she sells fruits and vegetables to the teachers so that she can earn money to help her family. 

• need

• want

Rose asks her mother to buy an additional pair of shoes.

• need

• want

Renz is saving money to buy a new motorcycle.

• need

• want