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.
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References in periodicals archive ?
Meat Substitute Market Competitive Analysis, by Key Players
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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.
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The engineered skin substitutes were composed of autologous cultured keratinocytes and dermal fibroblasts attached to a collagen-based, biopolymer scaffold, Dr.
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Career exploration activities are also good options to have available for substitute teachers to use when filling in for a CTE teacher.
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A day-to-day substitute in Los Angeles makes $156 a day, or $211 after 21 days.
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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.
Representations of substitute teachers and the paradoxes of professionalism
Of 52 patients receiving the blood substitute, 24 (46 percent) died.
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It's the first blood substitute ever approved for use.
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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.
Blood Substitutes: Principles, Methods, Products and Clinical Trials, Vol. 1 and 2
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).
Ethical dilemmas in adult guardianship and substitute decision-making: consideration for rehabilitation professionals
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.
Not dogs anyone? Meatless market goes mainstream

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