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9 Cards in this Set

  • Front
  • Back

Needs

Needs are essentials. Things that you must have. Eg, food, water, shelter.

Wants

Something that is nice to have, such as going to the cinema or buying accessories.

Aspirations

Hopes for the future. Such as going on holiday or buying a car

Internal factors that influence needs, wants and aspirations

Values , beliefs, attitudes, perceptions, preferences

Internal factors

Back (Definition)

Satisfying needs, wants and aspirations

Back (Definition)

External factors

Rate of inflation, taxes, promotion, minimum wage, being made redundant, interest rate, culture, public relations, marketing

Internal factors

Income, health, wants, needs and aspirations

The effects of personal values on individual behaviour and decisions.

Back (Definition)