What is a parity product?

Parity product is a wide product that many brands or companies have created, and due to their similarity can usually be used interchangeably. This product can be replaced because each product has similar functions, folders or both. With one product that is able to easily switch to the other, it reduces the chances of monopolization and the company usually cannot charge higher prices without consequences. Since all products are so similar, the battle for sale comes to marketing, because each brand must convince consumers that its product parity is better than the competition. There may be minor differences from one to the other, but for the most part they are all the same. They usually include common household objects such as nails, toothpaste, forks and peanut butter. While each mark can add different ingredients or differ in their version, they still remain mostly the same product. For example, almost all brands of peanut butter are parity products. All have peanuts and while lzE Add something else - for example, partially cut nuts, chocolate or jelly - each product is basically the same. At the same time, each brand is expected to make its version at least somewhat unique for lure of consumers or to lower prices, unless the brand is recognized as front brands.

monopolization may be a problem when the company is the only creator of a particular item. The company controls all the creation and distribution of the item to change the prices and force consumers either to observe or go without a product. With a parity product of price increases, the company usually leads to less. Consumers can easily buy a product of another brand, so Cenysa remains a large extent evenly. As a result, each brand competes with product products of other brands, usually reduces the chances of monopolization.

Every product of parity is largely the same, so the battle for saleIt is mostly performed through marketing. While each brand can have the same product, it uses marketing materials and sales reports to believing consumers that their product is better than others. One brand sometimes has an excellent product, but it is more common for parity products to work near the same level.