Identifying the Buyer and the Seller

A person or organization who agree o purchase the finished products or services presented with the prescribed or correct features.

These are things needed to survive such as food, water, air, sleep, clothing, and shelter.

These are also important for survival but not as demanding as basic needs like healthcare and employment.

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.

This include the need for belonging, love, affection, friendship, attachments, and families.

This include personal worth, social recognition, and accomplishment.

A person or group of persons who transfer goods and services to the buyers in exchange for money.

A well-known American psychologist who proposed the different levels of needs of human beings.

These are the necessity of people such as food, clothing, and shelter.

These are personal awareness and have less concern with the opinions of others.

These are used clothing sold at a lower price.

A person who start a business and is willing to risk loss in order to make money.