When Introduced in the Late 1970s,the VCR Created New Patterns

question 9

Multiple Choice

When introduced in the late 1970s,the VCR created new patterns of consumer behavior.For example,assuming the user could learn to set the timer,he or she could tape programs to watch at a later time.DVD,a playback only video system,was introduced in the late 1990s.DVD discs contain full-length movies with digital sound in a format that resembles conventional music compact discs.Which of the following most accurately describes the respective degree of newness of these two global products?

• A)The VCR is a discontinuous innovation;the DVD is a dynamically continuous innovation.
• B)The VCR is a dynamically continuous innovation;the DVD is a discontinuous innovation.
• C)The VCR and DVD are both dynamically continuous innovations.
• D)The VCR and DVD are both discontinuous innovations.
• E)The VCR and DVD are both continuous innovations.

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Definitions:

PI

A mathematical constant represented by the symbol π, approximated as 3.14159, or the ratio of a circle's circumference to its diameter in mathematics. Alternatively, if referring to "present indifference" or a concept specific to an industry or study, clarification is needed.

Positive NPV

An indicator that an investment's present value of net cash flows will exceed its initial cost, suggesting profitability.

Stand-Alone Basis

Refers to evaluating a project or business independently, considering its cash flows, risks, and returns without regard for other investments or projects.

Initial Cost

The initial expense incurred to acquire an asset or start a project, excluding any subsequent costs.