Answer to Question #138511 in Marketing for Pearl

Question

Is the market driven by customer needs and wants? Give atleast 5 examples of product or services that are offered because of customer needs.

Answer 1

Is the market driven by customer needs and wants? Give atleast 5 examples of product or services that are offered because of customer needs.

The market is driven by both customer needs and wants because demands from consumers come from the yearning to buy particular commodities and the need to buy some goods and services. There are instances where products are manufactured because clients need them and demand comes as you would expect. Some of the products that are provided because of client needs are food such as milk, and rice, health care services, gyms and nutrition centres. Food staffs are needed because they are consumed frequently whereas health products are needed to keep a person’s body healthy and free from complications.