Identify and explain the hierarchy of needs theory developed by Abraham Maslow
What will be an ideal response?
According to Maslow's hierarchy of needs theory, a satisfied need no longer creates tension and therefore doesn't motivate. Maslow proposes that within every human being there exists a hierarchy of five needs: Physiological, Safety, Social, Esteem, and Self-actualization.
Physiological includes hunger, thirst, shelter, sex, and other bodily needs. Safety includes security and protection from physical and emotional harm. Social includes affection, a sense of belonging, acceptance, and friendshi
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A hamburger stand near the local mall sells hamburgers for $3.99, drinks for $1.99, and fries for $1.49, while a gourmet restaurant nearby sells entrees for $20, $30, and $45. Both of these restaurants are using ________
A) demand-based pricing B) cost-based pricing C) psychological pricing D) prestige pricing E) penetration pricing
In a breach of contract case where a contract calls for action that violates a statute, the courts will
impose the appropriate criminal penalty. Indicate whether the statement is true or false