Which of the following statements about economic needs is true?
A. Economic needs are unimportant to most consumers.
B. Economic needs are rarely considered during times of economic recession.
C. Economic needs refer to the buyer's need to behave in an economically rational manner and buy the lowest-priced item available.
D. Economic needs refer to the buyer's need to purchase the most satisfying product for the money.
E. A product priced higher than the competition's is doomed to failure because it satisfies no economic need.
Answer: D. Economic needs refer to the buyer's need to purchase the most satisfying product for the money.