Answer to Question #250268 in Marketing for ella

Question

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

Answer 1

The market is driven by both customer wants and needs and the demands of consumers come from the longing to buy specific commodities and the need to buy some services and goods. Examples of products or services that are offered due to customer needs include price, quality, choice, preference, and convenience.