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Marketing - Wants and Needs

Total questions: 11

Worksheet time: 7mins

Name
Class
Date
1.

What do you call it when entrepreneurs, inventors, and innovators are constantly trying to create products/services that people may want and need?

a)

Physiological

b)

Self-Actualization

c)

Unlimited Needs and Wants

d)

Noneconomic wants

2.

We went grocery shopping and purchased food for the week. The food we purchased satisfies a...

a)

Need

b)

Want

3.

Evan didn't feel like cooking, so instead he went out to eat at the Outback Steakhouse. Going out to eat satisfies a...

a)

Need

b)

Want

4.

Based on the list below, identify all items that would be considered a need based on the circumstance:

a)

A winter coat in Buffalo from November through March

b)

A brand new iPhone 12 Pro

c)

A brand new Tesla

d)

A car to get back and forth to work because there is no bus service and you are the sole provider for your family

5.

Joey lives in a dangerous neighborhood. Which level in the hierarchy does Joey need to achieve?

a)

Physiological

b)

Security

c)

Social

d)

Esteem

e)

Self-Actualization

6.

Alex just lost his job due to the pandemic. He is behind in his rent and doesn't have any food left. Which need is not being met?

a)

Physiological

b)

Security

c)

Social

d)

Esteem

e)

Self-Actualization

7.

Desirae just moved to a new city. The neighborhood has a Block Club and they welcomed her to the neighborhood. She met a few kids her age and fit right in. Desirae met which level of need?

a)

Physiological

b)

Security

c)

Social

d)

Esteem

e)

Self-Actualization

8.

Which of the following are economic wants? (choose more than 1)

a)

New Nike sneakers

b)

Recognition from your boss

c)

Meeting a new friend

d)

Uprgrading to the newest cell phone every year

e)

Going to a salon for a mani/pedi (manicure/pedicure)

9.

Which of the following are noneconomic wants? (choose more than 1)

a)

Purchasing a new guitar to add to my collection

b)

Recognition from a boss

c)

Going for a walk on a nature trail to enjoy the outdoors

d)

Meeting a new friend

10.

A (a)   is anything you require to live.

11.

A (a)   is an unfulfilled desire.