What is the term for those products which consumers see as interchangeable (one for the other)?
A)Normal products.
B)Complementary products.
C)Substitute products.
D)Inferior products.

Question

Quizplus · Accepted Answer

The term for products which consumers see as interchangeable (one for the other) are substitute products. These are products that can be used in place of each other as they offer very similar benefits and satisfy the same consumer needs. This means that if the price of one product increases or it becomes unavailable, consumers can easily switch to another product without any significant change in their satisfaction or experience.

What Is the Term for Those Products Which Consumers See