Quiz: Needs vs Wants
AQA GCSE Business 8132
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Building on what you've learned about why businesses exist and goods vs services, let's test your knowledge of needs vs wants! Remember, needs are essentials for survival, while wants are things we desire but don't need to live.
Which of the following is an example of a need?
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Which of the following are needs? (Select all that apply)
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A {{blank0}} is something essential for survival, while a {{blank1}} is something you would like to have but can live without.
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Match the items on the left with their correct pairs on the right
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Why are businesses interested in understanding customer needs and wants?
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A business sells a product that fulfils a basic need for £5 and a luxury product for £20. If they sell 10 of each, what is the total revenue?
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Match the items on the left with their correct pairs on the right
Which of these products is most likely to be marketed as fulfilling a need?
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How can businesses use the distinction between needs and wants? (Select all that apply)
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Match the items on the left with their correct pairs on the right
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