A(n)________ exists if the service or product performs a similar function.
A)trade-in
B)substitute
C)elasticity of demand
D)product/service flexibility

Name: A(n)________ exists if the service or product performs a similar function. A)trade-in B)substitute C)elasticity of demand D)product/service flexibility
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Question

Quizplus · Accepted Answer

A substitute is a product or service that can serve as a viable alternative to another product or service in meeting the same consumer need.

A(n)________ Exists If the Service or Product Performs a Similar