Mastering Personal Finance
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Questions and Answers

What is the definition of 'need'?

Require (something) because it is essential or very important rather than just desirable.

What are some examples of financial needs?

Housing, Transportation, Medical Bills

What is the purpose of a need?

To give purpose and direction to behavior.

What is the importance of a need analysis process for organizations?

<p>It helps organizations become proactive in approaching potential issues before they become actual problems.</p> Signup and view all the answers

What is the definition of 'want'?

<p>To have a desire to possess or do something; to wish for.</p> Signup and view all the answers

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