New! PrivateView
Beta
For example, a customer may substitute oil for butter. Understanding substitute products can help you choose which products to offer and which products can help your company retain customers as the market fluctuates. In this article, we discuss what substitute goods are, and we explore 20 examples of substitute goods and services.
Copied 
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
New! PrivateView
BetaIf you think one tastes better than the other, then Pepsi is a ‘near-perfect substitute’ for Coke, or vice-versa. More Diverse Examples of Substitute Goods. Substitute goods exist in virtually all industries, not just among everyday consumer products like beverages or fast food. Here are additional examples from various sectors:
Copied
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
New! PrivateView
BetaA substitute good is defined as a product or service that is used in place of another. When the price of one substitute good goes up, the demand for the other substitute also goes up – this is known as positive cross price elasticity. ... In-direct Substitute Examples. Dancing and bowling; Bowling and Video games; Banana and Doughnuts;
Copied
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
New! PrivateView
BetaSubstitute products and services are the ones that give the same service, look and feel as the original. The consumer perceives both to be very closely comparable because they serve the same purpose. Substitutes are the reason which motivates corporates for continuous product developments to bring out unique variants in the market with better quality and standards but at reasonable prices ...
Copied
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
New! PrivateView
BetaSubstitute products offer consumers choices when making purchase decisions by providing equally good alternatives, thus increasing utility. However, from a company’s perspective, substitute products create a rivalry. ... If a product can be substituted with another, it is called a perfect substitute, for example, the different brands of bread ...
Copied
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
New! PrivateView
BetaSubstitutes or substitute goods refer to the products that are used as alternatives to each other. ... Some other examples of substitute goods are Pepsi and Coca-Cola, tooth paste and tooth powder, ink and ball pens, butter and margarine, an Android phone, and an Apple iphone. Graphs. Let's consider two substitutes: Pepsi and Coca-Cola. The ...
Copied
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
New! PrivateView
BetaIn this article, we’ll review the types of substitute products, tell how price changes influence them and provide examples. Types of Substitute Products. There are two types of substitute goods: direct and indirect. Belonging to any of the groups depends on the degree of correlation between the products. If an item can be easily replaced by ...
Copied
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
New! PrivateView
BetaSubstitute goods are products or services that can be used in place of one another; they serve similar purposes and satisfy the same basic desire or need of the consumer. When the price of one increases, the demand for its substitute is likely to rise, as consumers look for a more cost-effective alternative.
Copied
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
New! PrivateView
BetaA substitute, also known as a substitutable good in economics and consumer theory, refers to a product or service that consumers perceive as similar enough to another product to be used interchangeably. In simpler terms, substitutes are goods that can be used in place of one another, providing consumers with more choices and flexibility.
Copied
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
New! PrivateView
BetaSome products are more amenable to substitute than others. For example, substituting a Fuji apple for a Gala apple is a better substitute than substituting a Fuji apple for a banana, and a pork ...
Copied
See Cached Version
Your search and this result
- The search term appears in the result: example of a substitute product
- The website matches one or more of your search terms
- Other websites that include your search terms link to this result
- The result is in English (United States)
