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Question : Products that have alternative uses are known as:

Option 1: Substitute goods

Option 2: Complementary goods

Option 3: Comfort goods

Option 4: None of these


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Substitute goods


Solution : Substitute goods are the goods that can be used in place of each other.
A product or service that consumers perceive to be sufficiently similar to or the same as another is referred to as a substitute good. A product that can be used in lieu of another is known as a substitute.

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