Technological Changes and the Increased Use of Wi-Fi Has Enabled

question 64

Multiple Choice

Technological changes and the increased use of Wi-Fi has enabled companies such as Netflix to create a large consumer following and changed consumer's viewing habits. Netflix has emerged as an entertainment company offering original content that's not available on cable or satellite networks. Netflix is a _____ competitor to cable and satellite companies.

• A) direct
• B) indirect
• C) insignificant
• D) substitute

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Definitions:

Financial Commitment

The allocation of money towards investments, obligations, or projects with the expectation or requirement for future payout or returns.

Founding Team Members

Individuals who collaborate to establish a new business, organization, or initiative, typically sharing in the risks and rewards.

Loyalty

A strong feeling of support or allegiance, often seen in consumer behavior as repeated business or advocacy for a particular brand, product, or service.

Quid Pro Quo

A Latin term meaning "something for something," referring to a mutual agreement where something is given in return for something else.