a non - economic want is a desire that can not be satisfied with a purchase. true false\nspecialization of…
a non - economic want is a desire that can not be satisfied with a purchase. true false\nspecialization of labor results in the production of large quantities of a product. true false\nthe marketing concept works well for organizations such as colleges and hospitals as well as for businesses whose goal is to make a profit. true false
Answer
Brief Explanations:
- A non - economic want is something like love or friendship which cannot be bought, so the first statement is true.
- Specialization of labor allows workers to become more efficient at their tasks, leading to higher production volumes, so the second statement is true.
- The marketing concept focuses on satisfying customer needs. Colleges and hospitals can use it to attract students and patients respectively, just as profit - making businesses use it to attract customers, so the third statement is true.
Answer:
- True
- True
- True