Product substitution definition

Product substitution means switching from the use of one tobacco product to another, for example from cigarettes to loose tobacco, in response to changes in relative prices or other factors;
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Product substitution shall have the meaning set forth in Section 2.2(e).
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Product substitution. Worldwide, particularly Japan, companies are accelerating research in new energy storage. A particularly hot area of research is in fuel cells and it may impact the Li-ion battery market. At the Portable Power Conference and Expo in San Francisco in February 2004, Yoshio Nishi of Sony stated that if the cost of fuel cells can ▇▇ ▇▇▇▇▇▇▇ ▇urther, fuel cells are expected as a next potential portable power source in the coming 4-5 years. However, he also pointed out that the fuel cell could only be optimally deployed in connection with a Li-ion battery. The company believes the commercial viability of fuel cells as a replacement for Li-ion batteries is at least 10 years away. China government economic control slows market growth: The 3rd calendar quarter of the year has traditionally been the best sales quarter, but the main domestic cell phone manufacturers reduced output because of an economic slowdown caused by the Chinese government's tightening of monetary policy. As a result, BAK couldn't make full use of its capacity for the past six months and profits this year been reduced as a result. Although the company's revenue grew by 216% last year, the company believes its revenue would have been greater without the Government's tightening policy. Prior experience leads management to believe that the Chinese government will change its policies in the near term.
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Examples of Product substitution in a sentence

  • If either you or we cancel your policy, we will refund any unearned premium on a prorated basis.

  • In instances where the Vendor uses the Automatic Product Substitution process, the MMCAP Participating Facility must be notified of the Product substitution, and the substituted Product must be annotated as such on the MMCAP Participating Facility’s Order Confirmation.

  • Product substitution is not allowable unless pre-approved in writing by the State or Ordering Agency, and only then may the item be shipped.

  • In the event of any such substitution, the parties shall negotiate in good faith to amend the Project Plan as appropriate, including without limitation by adjusting the dates, deadlines and Purchase Price set forth in the Project Plan to the extent impacted by such Drug Product substitution.

  • Supplier must obtain the prior written consent of NCR Voyix for alternate Product substitution in accordance with Section 12 (Specifications).

  • Supplier must obtain the prior written consent of Customer for alternate Product substitution in accordance with Section 4.4.

  • Product substitution is not allowable unless pre-approved, in writing, by the State or Ordering Agency and only then may the item be shipped.

  • Product substitution, including Cards, is not allowable unless pre-approved; in writing, by the State and only then may the item be shipped.

  • HCG reserves the right to exercise Product substitution and transfers for equal or comparable value according to its sole discretion.

  • Product substitution is not allowable unless pre-approved; in writing, by the Ordering State Agency and only then may the item be shipped.