substitute

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Substitute

A good or service that satisfies a consumer's needs or desires just as well or almost as well as a similar good or service. A common type of substitute is an off-brand product; for example, a grocery store may sell its own peanut butter to compete with the on-brand peanut butter it also sells. Often, though not always, the price of a substitute is lower than that of the original product, but they follow generally the same trends. For example, if demand for the on-brand peanut butter rises, its price increases, but so does the price of the off-brand peanut butter, because consumers are willing to pay more for peanut butter generally, but are still looking for a bargain.

substitute

See swap.
References in periodicals archive ?
The cost-cutting advantage provided by sugar substitutes is leading to its increased demand.
Building Administrators Can Optionally Set Preferences For Substitutes Selected For Their School; They Can Exclude Those They Don t Want As Well.
Everton's first substitute at Goodison Park was a goalkeeper - when Andy Rankin replaced the injured Gordon West against Nuremberg in the Fairs Cup (the precursor to the Europa League) on October 12 1965.
Districts have implemented tech programs to automate the process of scheduling substitutes and keeping up with their hours.
The Vegan Substitutes Guide app targets new vegans, those who are just experimenting, or people looking for healthier ways to prepare their favorite foods.
When the degree of saltiness between plant salt substitutes and sodium chloride is the same, plant salt substitutes contain 43% less sodium than sodium chloride, making it possible to use them to reduce an individual's sodium intake, while retaining the salty taste of sodium chloride.
A teachers union official encouraged those who plan to volunteer on Election Day for school board member Jon Lauritzen to say they wanted the day off for "professional development" -- meaning the district would have to pay for the substitute, not the union, a Reseda High School teacher said Friday.
The substitute housing would not be qualifying property, because it is residential real estate.
Substitutes are alternative services that perform essentially the same function.
The volume provides an in-depth discussion of the classes of substitutes, with special attention to issues involving both material regulation and standards development for fabrication and characterization.
Half the blood supply could potentially be replaced with the new substitutes, claims Robert M.
Basic laboratory methods for studying various aspects of blood substitutes (such as preparation, analysis, safety, efficacy, and animal studies) are also outlined in detail in the appropriate chapters.