product substitutes

product substitutes

products which customers regard as fulfilling the same needs although they are technically dissimilar, e.g. butter and margarine. See ELASTICITY OF DEMAND.
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Ministry of Industry and Foreign Trade started working on eliminating low-quality imports, achieving the target of the exports' development plan, saving hard currency and depending on the local product substitutes, in an attempt to decrease the deficit in the trade balance.
Such societies may develop a matrix of product substitutes from the available indigenous product mix and guide the consumers to shift from one product to another when the prices of a certain product are being unscrupulously worked up.
The scheme excludes premises that are refurbished or used by fisheries and aquaculture, shipbuilding, the coal industry, the steel industry, synthetic fibres, the primary production of some agricultural products and the manufacture of milk product substitutes.
The study points to the growing opportunity for healthy and natural product substitutes, but also stresses that the product must cater to family's time-pressed schedules by being convenient and easy to prepare.
Last year, when the category was outlawed to them, pharmacy owners scrambled to find product substitutes that would deliver traffic and hopefully some of the lost profitability.
For example, a company whose vision is based on the innovation and manufacture of new products would profit considerably from the development of attractive product substitutes for environmental "problem products.
In addition, product substitutes may not be able to operate as efficiently as those using CFCs, resulting in higher energy consumption.

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