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 ?
To do this well, Jackie Wyatt, district substitute coordinator, focuses on hiring familiar faces who live locally.
It includes market dynamics, trends, competitive strategies preferred by key market players, the driving factors that boost the growth of the sugar substitutes market, and tis restraints.
The engineered skin substitutes were composed of autologous cultured keratinocytes and dermal fibroblasts attached to a collagen-based, biopolymer scaffold, Dr.
Career exploration activities are also good options to have available for substitute teachers to use when filling in for a CTE teacher.
A day-to-day substitute in Los Angeles makes $156 a day, or $211 after 21 days.
Representations of substitute teachers, often constructed as "deviant" teachers, are sites in which meaning, power, and identity are "contested objects" (Britzman, 1998) rather than essentially derived and/or fixed positions.
Of 52 patients receiving the blood substitute, 24 (46 percent) died.
It's the first blood substitute ever approved for use.
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.
During the late 1970's, many states enacted or re-wrote legislation establishing laws governing a person's competency and the appointment of a substitute or surrogate decision-maker (Casasanto, Simon, & Roman, 1991).
Veggie-burgers run the gamut from those which truly substitute for the taste, texture and appearance of beef to patties whose only hamburger-like trait is the ability to fit nicely on a bun.