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 ?
From a national perspective, the quality of substitutes often relates directly to certification policies at the state and district levels, Giunta says.
The high-intensity sweeteners segment led the sugar substitutes market in terms of value, whereas high-fructose syrup was the most used sugar substitute type, by volume.
Boyce and his coinvestigators compared mortality after treatment with engineered skin substitutes in 16 children with data from 1,008 patients from the National Burn Repository who were of similar ages, had 77% full-thickness total body surface area burns, and were treated with meshed and expanded split-thickness skin autografts.
Global corporate-level profiles of key companies operating within the Germany Tissue Engineered - Skin Substitutes.
The following season, 2003/04, he also scored three times as a substitute.
But the sodium levels of the substitute were only one-third that of sodium chloride.
In a May 2006 article in The Seattle Times, teacher John Foley says, "I always tell my students to be nice and respectful to the substitute teacher, and they usually greet my directive with smiles.
Teachers can take a day off to campaign, but they have to press three for "special school funded" for a substitute, since that funding will come from United Teachers Los Angeles.
Much of the scrap substitute made is manufactured by steel mini-mill companies seeking to ensure a supply for their furnaces.
If the substitute goods would be qualifying property under Sec.
One only needs to think of the number and types of books, print, television ads, and Web sites dealing with obesity and weight loss programs to understand the concept of substitute services.
The Institute estimates that from kindergarten to high school graduation, students spend a full year with substitutes.