A _________ is a need that is sufficiently pressing to direct the person to seek satisfaction?
Correct answer: A. motive
- A. motive
- B. want
- C. demand
- D. requirement
Explanation
A motive is a need that has become strong enough to direct a person toward seeking satisfaction. A want is a form of desired satisfaction, while demand also requires purchasing power and willingness to buy.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
According to the text the most dramatic of the environments that affect marketing and appears to be now shaping our world is the ___________ environment?
All of the following are ways that marketing plays a key role in the company's strategic planning EXCETP ?
In a example discussed in your text Johnson & Johnson's recall of their Tylenol product following the discovery that several bottles of Tyloenol had been laced with cyanide is consistent with which business philosophy ?
The purpose of strategic planning is to find ways in which the company can best ?
Even through buying roles in the family change constantly the _________ has traditionally been the main purchasing agent for the family?
A _______ is a promotion strategy that calls for using the sales force and trade promotion to move the produce through channels ?