When backed by buying power,wants become ________.
A) needs
B) demands
C) offerings
D) values
E) ideas

Question

Quizplus · Accepted Answer

When wants are backed by buying power, they become demands, as consumers are willing and able to pay for them. Thus, they are requesting or demanding the product or service in question. A need is a necessity, whereas an offering is a product or service being offered for sale. Values and ideas are not directly related to the concept of wants becoming demands.

When Backed by Buying Power,wants Become ________