Final answer:
A substitute product will provide the same function as the original without sacrificing quality or services, being important in business for competitiveness and market share.
Step-by-step explanation:
A substitute product will provide the owner the same function without sacrificing any quality or building services.
Substitute products are often considered in business strategies and marketing plans because they can provide similar benefits to consumers as the original product but may do so at a lower cost, with better availability, or through improved technology.
It's important for businesses to be aware of potential substitutes to their products, as they can impact market share and influence consumer choices.