Knowee
Questions
Features
Study Tools

The customer needs that allows a company to get into the market are called ___________(1 Point)performance needsexcitement needsbasic needsNone of these

Question

The customer needs that allows a company to get into the market are called ___________

(1 Point)

  • performance needs
  • excitement needs
  • basic needs
  • None of these
🧐 Not the exact question you are looking for?Go ask a question

Solution

In the context of customer needs, the correct term that describes the essential requirements that enable a company to successfully enter a market is "basic needs."

Explanation

  1. Performance Needs: These are requirements that relate to how well a product performs. While important, they are not basic for market entry.

  2. Excitement Needs: These refer to additional features or benefits that can delight customers but are not essential for a company to be competitive initially.

  3. Basic Needs: These are the fundamental needs that a product or service must satisfy to be considered viable in the market. If a company fails to meet these basic needs, it cannot gain traction.

  4. None of These: This option suggests that the correct term is not listed, which is not the case here.

Conclusion

Thus, the answer is basic needs, as they represent the essential criteria that customers expect from any new product or service in the market.

This problem has been solved

Similar Questions

The customer needs that keep a company in the market are called ___________(1 Point)basic needsperformance needsexcitement needsAll of the above

One of the key tasks of marketers is ____________ and to create consumer perceptions thatthe product is worth purchasing.

These are the types of needs, EXCEPT:*1 pointa.Target Needsb.Present Situation Analysisc.Reliabilityd.Mean Analysis

Which three parameters can be used to reach potential customers and determine a Core Audience?

The purchase criteria of having products available when they are needed by customers is called _________.Multiple Choicequalityvarietytimelinessservice

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.