Products that satisfy needs or wants deliver benefits to consumers.

Question

Quizplus · Accepted Answer

Products that satisfy needs or wants provide benefits to consumers by meeting their requirements and fulfilling their desires. This is the essence of the exchange process between buyers and sellers, where consumers exchange their money or other resources in exchange for the benefits provided by the product. Therefore, products are created with the intention of delivering value to consumers, which is why they are designed and marketed based on the benefits they offer to their target market.

Products That Satisfy Needs or Wants Deliver Benefits to Consumers