Greg Williams now has the buying power to purchase the computer system he has wanted for the last six months. Greg's want now has become a ________.
A)need
B)necessity
C)demand
D)satisfier
E)transaction

Question

Quizplus · Accepted Answer

Greg's want for the computer system has now become a demand because he has the buying power to purchase it. Demand refers to the willingness and ability of a consumer to purchase a particular product or service. The other options are not applicable in this context. A need is something that is necessary for survival, a necessity is something that must be done or obtained, a satisfier is something that fulfills a need or want, and a transaction refers to the exchange of goods or services for money or other goods/services.

Greg Williams Now Has the Buying Power to Purchase the Computer