What's it: Wants are hopes to have or fulfill something. If we want something, we expect to be able to buy it and have it. It's a felt need
What's it: Needs means requiring something because it is essential. For example, we need food, water, and shelter to sustain our survival.
What’s it: The manufacturing process is the work steps and actions involved in converting inputs into outputs. Inputs can be raw
Building a competitive strategy is about how companies outperform their competitors in generating profits by satisfying the same consumer needs and
What's it: Human resources is a term used to refer to people who work for companies which deliver economic benefits for the companies they work
Low-cost inputs are essential for supporting competitive advantage, especially if the firm adopts a cost leadership strategy. What's it: A
The difference between needs and wants lies primarily in how essential they are to our survival. We must meet the needs to support daily