Items essential for survival are called

Items essential for survival are called

• A. Wants
• B. Needs
• C. Goods
• D. Services

Answer: (B)

Needs are items essential for survival. They are the basics you must have to live and stay healthy, such as food, water, shelter, clothing, and healthcare. Wants are things beyond these essentials that people would like to have if they can, but aren’t necessary for survival. Goods are tangible items you can own, while services are actions done for you. A fundamental need can be satisfied by either a good or a service in different situations, but the term that specifically naming essentials is needs. For example, food is a need, while a luxury car is typically a want. In business, understanding needs helps focus on what customers must have and how to deliver it.

Needs are items essential for survival. They are the basics you must have to live and stay healthy, such as food, water, shelter, clothing, and healthcare. Wants are things beyond these essentials that people would like to have if they can, but aren’t necessary for survival. Goods are tangible items you can own, while services are actions done for you. A fundamental need can be satisfied by either a good or a service in different situations, but the term that specifically naming essentials is needs. For example, food is a need, while a luxury car is typically a want. In business, understanding needs helps focus on what customers must have and how to deliver it.