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What is Understanding Market Needs and Demands about?

This module discusses environment and market concepts for technology vocational students. It includes 4 lessons: 1) Needs, wants, and demand, 2) Product and services, 3) SWOT analysis, and 4) Legalization of business. The first lesson defines needs as basic requirements while wants are desires beyond necessities. It emphasizes the importance of understanding community needs and wants to identify business opportunities. The lesson also differentiates needs from wants and discusses how demand is influenced by

Author

Christain Paul Caba

Language

EN