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What problems may consumers encounter as they try to satisfy their wants?

Highlight problems that consumers may encounter as they satisfy their wants.

Answers


Maurice
(i) Wants change with age.

(ii) Some wants are complementary-satisfaction of wants requires satisfaction of another.

(iii) Competitive nature of some wants.

(iv) Wants are numerous/ unlimited.

(v) Means of satisfying wants are limited due to scarcity of resources.

(vi) Wants keep on recurring.

(vii) Wants vary in urgency and intensity.

(viii) Wants are habitual.

(ix) Some wants are essential for survival thus cannot be postponed.
maurice.mutuku answered the question on August 16, 2017 at 08:51

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