Digital Cameras Replaced Film Cameras

question 26

Multiple Choice

Digital cameras replaced film cameras.Therefore,digital cameras are an example of _____.

• A) modular innovation
• B) incremental technology
• C) component innovation
• D) discontinuous technology

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Definitions:

Buy Down

The process of paying additional points to a lender at closing to reduce the interest rate on a loan.

Down Payment

An initial upfront partial payment for the purchase of expensive goods or services such as a home, often expressed as a percentage of the total purchase price.

Maintenance Fees

Charges assessed to cover the costs of maintaining and improving property or equipment.

Property Taxes

Taxes assessed on real estate by a government, calculated based on the property's value.