Which of the Following Would Be Considered Substitute Products

question 25

Multiple Choice

Which of the following would be considered substitute products?

• A) Coke and Pepsi
• B) Contacts and eyeglasses
• C) The Internet and the World Wide Web
• D) AT&T and Sprint
• E) None of the answer choices is correct.

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Definitions:

Receivables

Balances owed by customers for the consumption or acquisition of goods and services provided by a company, pending payment.

Accrued Salaries

Salaries that have been earned but not yet paid out to employees.

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Accounts Receivable

Funds that customers have yet to pay to a business for the goods or services that have already been provided to them.