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Identifying the Buyer and the Seller
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These are used clothing sold at a lower price.
Ukay-ukay
These are personal awareness and have less concern with the opinions of others.
Self-actualization Needs or Self-fulfillment needs
This include personal worth, social recognition, and accomplishment.
Esteem Needs
This include the need for belonging, love, affection, friendship, attachments, and families.
Social Needs
These are also important for survival but not as demanding as basic needs like healthcare and employment.
Security Needs
These are things needed to survive such as food, water, air, sleep, clothing, and shelter.
Physiological needs
A well-known American psychologist who proposed the different levels of needs of human beings.
Abraham Maslow
A step ahead of wants. It is the amont of interest to a given product that consumers are willing to buy at a given price.
Demands
These are the necessity of people such as food, clothing, and shelter.
Needs
A person or group of persons who transfer goods and services to the buyers in exchange for money.
Seller
A person who start a business and is willing to risk loss in order to make money.
Entrepreneur
A person or organization who agree o purchase the finished products or services presented with the prescribed or correct features.
Buyers