A want supported by buying power is known as:
A) products and services.
B) desire.
C) human motivations.
D) demand.
E) manifestation of greed.

Question

Quizplus · Accepted Answer

Demand is the want or desire for a product or service backed by the ability to pay for it. This is supported by buying power, meaning that customers are willing and able to spend money on the product or service. Option A refers to the actual goods and services being sold, option B refers to a simple want or desire without the ability to purchase, option C refers to the underlying psychological factors driving consumer behavior, and option E is a subjective and negative characterization of the situation.

A Want Supported by Buying Power Is Known As