supplementary goods

Which Of These Is An Example Of Complementary Products?

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Which Of These Is An Example Of Complementary Products? A Complementary good is a product or service that adds value to another. In other words, they are two goods that the consumer uses together. For example, cereal and milk, or a DVD and a DVD player. On occasion, the complementary good is absolutely necessary, as

What Are Substitute Goods Called?

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What Are Substitute Goods Called? Direct substitute goods are very similar and share a number of attributes. For example, Coca-Cola and Pepsi are direct substitutes within the market of soda. These are also referred to as ‘within-category substitutes’ or ‘close substitutes‘. What is considered a substitute product? A substitute, or substitutable good, in economics and