Following the successful launch of Red Bull in the Canadian market in 2004, companies such as Coca Cola, Pepsi, and many others have introduced products to compete with Red Bull.The energy drinks introduced to compete with Red Bull would be considered
A)complements to Red Bull.
B)substitutes for Red Bull.
C)inferior goods compared to Red Bull.
D)normal goods compared to Red Bull.

Question

Quizplus · Accepted Answer

Energy drinks introduced to compete with Red Bull would be considered substitutes for Red Bull, as they serve a similar purpose and consumers may choose one over the other based on price, taste, or brand loyalty. Complements would be products that are typically consumed together with Red Bull, such as snacks or mixers, while inferior or normal goods refer to different categories of goods based on how consumers respond to changes in income.

Following the Successful Launch of Red Bull in the Canadian