03 Explain one reason why a new start-up business might find it easier to satisfy needs rather than wants.

[Sir Afzal Shad]

03 Explain one reason why a new start-up business might find it easier to satisfy needs rather than wants.
Hint: KN: Needs require less capital > APP: e.g., a simple bread bakery > AN: Less spending on R&D/marketing.

Possible Structure - 3 Marker
[KN] >> [APP] >> [AN]

[hassanalizafar]

[KN] A start-up may find it easier to satisfy needs because they require less capital investment.
[AAP] For example, a small bread bakery can meet the basic need for food without spending heavily on branding or luxury features.
[AN]This leads to lower setup costs, simpler production processes, and steady customer demand. As a result, the business can survive more easily in the early stages without the high risks linked to selling wants.

[shamaim shakeel]

[KN] A new startup business may find it easier to satisfy needs because they require fewer resources and less investment.
[AAP] For example, a small coffee shop might only sell basic items like coffee or tea instead of a wide range of bakery products such as cakes and brownies, which are more costly to produce.
[AN+] This keeps costs low, reduces the risk of business failure, and helps the startup survive long enough to grow gradually.

[shamaim shakeel]

[KN] A new startup business may find it easier to satisfy needs because they require fewer resources and less investment.
[AAP] For example, a small coffee shop might only sell basic items like coffee or tea instead of a wide range of bakery products such as cakes and brownies, which are more costly to produce.
[AN+] This keeps costs low, reduces the risk of business failure, and helps the startup survive long enough to grow gradually.

[Aarib Saad]

(KN)Because a well developed brand image is not required when selling a necessity.
(APP)For instance. a grocery store sells every day food items such as: eggs, bread and frozen foods, etc., and in such case the grocery store will have sales regardless of whether the store is popular or not as people will visit the store just to fulfill a necessity. Thus allowing a small grocery store to save costs of advertising, allowing it to fulfill expenses, in turn allowing the new business to survive for the long term.
(AN+)Furthermore, this will mean that the business will be able to generate consistent profits, opening up the opportunity for expansion once the business is out of it's initial stages.

[Muaz Aamir]

KN: A start-up business has limited resources at the beginning.
AP: For example, it may only have enough money to sell basic food items like bread and milk.
AN: This means it can focus on products that people will definitely buy because they are necessary to live.
AN+: As a result, the business reduces the risk of unsold goods it can build a steady customer base more quickly and this creates a more reliable flow of income in the early stages

[Subhan Zafar]

-{KN}They would invest in a particular need that people want as they are new in market.
-{APP}For example a small bakery which seeks bread can satisfy consumer needs as it knows that is essential so it does not require heavy advertisement or promotion of a bread. This leads too less capital invested in business and less advertisement costs.
-{AN+}This can leads to surviving of business in the market and spread its roots across without the risk of failure.

[Abdullah Mohsin]

[KN]Needs are demanded and bought by many
[APP] For instance, a startup business sells freshly baked bread. This good is highly demanded by many, does not require highly skilled workers to produce and the business would not need to spend money on research as recipies are wildly available on the internet for free.
[AN] This helps save capital for the business to purchase machinery e.g ovens and electric hand mixers, helping save time and increasing efficiency.

[Arham Qadri]

[KN] Because it requires less resources and minimal investment
[APP] For instance a bakery that is small might only sell basic items such as bread and brownie instead of pizza and cake which costs more
[AN] This reduces chances of business failure and helps to keep the cost low and also involves simple production process hence a business can survive in the early stages easily



[Updated]

[abdurrehman waseem]

KN: Needs requires less capital
App: eg:A new restaurant
An: It will focus on basic meals to fulfill customer needs

[Wahaj Ashraf]

[KN]A start up business might find it easier to satisfy needs rather than wants.
[APP]e.g. A business selling products like food will always be in demand which means people will buy the products even if their incomes are limited
[AN]This means the business has a more number of customers to satisfy. Thus my the business can increase its sales by selling to more people as the demand will always be there, helping business to increase their profits and helping them survive in competitive market

[Abdullah Altaf]

[KN]Selling needs would require less investments as compared to wants.
[APP]Since a fruit retailer would selling fruit which is a need hence he does not have to invest in advertisements because food is something consumed for survival thus saving costs.
[AN]This will help business survive in new markets as well as have high profits which could be used to expand to increase market share.

[Uqbah hadeed kayani]

[KN] needs such as food and clothes require less capital as compared to wants [app] for example a restaurant may find it easier to raise capital as it does not have to raise large amounts to produce its dishes [an] this may be the case as the restaurant may be focusing on completing needs of there consumers , thus keeping the cost of there meals low and hence attracting consumers to there business

[Abdur Rehman khan]

[KN] Needs are basic goods or services that consumers must purchase in order to survive, while wants are optional desires that depend on preferences.[APP] For example, a new start-up selling basic food items would be having a constant demand more easily than if it sold luxury snacks for which it has to attract people.
[AN] So needs would create a more stable demand as people would buy the needs and reduce the risks ,making it easy for the new business to survive in the starting.

[Shaliza khawaja]

(KN)A start-up usually struggles with limited recognition, so selling essentials makes survival easier.
(APP) For example, a small pharmacy selling basic medicines will always attract customers.
(AN)This reduces the need for advertising and allows focus on daily operations, lowering financial pressure. Later, once trust is built, the business can expand into wants like beauty products to raise profits.