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    Consumers and Hierarchy of needs

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    Considering the hierarchy of needs, what products might be developed for customers in each phase of the hierarchy? As the baby boomer generation reaches retirement age, what products might become more important? What new products might need to be developed to suit this group? What key trends in law, politics, and technology will have significant impacts on product development in the next few years? Explain your answer.

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    https://brainmass.com/business/accounting/consumers-and-hierarchy-of-needs-247084

    Solution Summary

    This solution provides answers to the following: Considering the hierarchy of needs, what products might be developed for customers in each phase of the hierarchy? As the baby boomer generation reaches retirement age, what products might become more important? What new products might need to be developed to suit this group? What key trends in law, politics, and technology will have significant impacts on product development in the next few years? Explain your answer.

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