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Inyang Umoh (tutor)
05-02-2016 06:50:00 +0000
One concept you can expect to be asked about is the difference between substitute and complementary goods.
The official definitions of a substitute good is a good that can be purchased as a substitute for another. An example of a substitute good would be garri and fufu. There is also the related concept of a perfect substitute. A perfect substitute is one that, in the eyes of the customer, are the same. An example of a perfect substitute would be bic and biro pens.
The official definitions of Complementary goods are goods that are usually purchased together. For example milo and milk.
Can you give other examples of complementary and substitute good?
Adesanya Yewande Adewunmi
Substitute goods are waw detergent and bimbo detergent, while complementary goods are bread and butter
05-02-2016 07:01:00 +0000
sand with cement
05-02-2016 07:08:00 +0000
Complementary goods- book and pen.
05-02-2016 07:17:00 +0000
Complementary goods-torch and battery
05-02-2016 07:23:00 +0000
SUB: Pepsi and coke, 5alive and chivita, Fangirl and Golden penny, Mama gold and Semovita, Maltina and Malta guiness. COMP: petrol and car, sickness and drugs, cold-water and freezer, football and players, food and plates, pounded yam and mortar. etc.
06-02-2016 10:14:00 +0000
Sim and phone
06-02-2016 10:20:00 +0000
Phone nd charger
09-02-2016 06:49:00 +0000
klin nd omo while substitute is indomie nd spaghetti
09-02-2016 14:45:00 +0000
comp: phone and battery,car and tyre,padlock and key
sub: indomie and spaghetti,milo and bournvita
09-02-2016 14:55:00 +0000
Inyang Umoh (tutor)
Thanks to everyone that contributed. It seems that everyone has a good understanding of these concepts.
10-02-2016 06:10:00 +0000