This provides utility. When marketers create utility, value is created. Utility is a term economists use to describe the want-satisfying potential of a good or service. Humans have many complex needs. When a need is not satisfied, a person will try either to reduce the need or look for an object that will satisfy it.
Wants are the form taken by human needs as they are shaped by culture and individual personality.
Wants are described in terms of objects that will satisfy needs. In any business enterprise, ethical behavior must be a tradition, a way of conducting one's affairs that is passed from generation to generation of employees at all levels of the organization. It is the responsibility of management, starting at the very top, to both set the example by personal conduct and create an environment that not only encourages and rewards ethical behavior, but which also makes anything less totally unacceptable. MIS begins and ends with marketing managers. First, it interacts with these managers to assess information needs.