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When Nathanil Inc., a network service provider, introduced 4G data plans, it observed that most of its customers completely stopped using 2G and 3G data plans and switched to 4G. In the context of innovation streams, which of the following concepts does this scenario best illustrate?
Bad Debts
Accounts receivable that are considered uncollectible, representing a loss to the company.
Sales Tax Rate
The percentage of sales price that businesses must collect from customers and remit to governmental agencies as sales tax.
QuickBooks Lists
Features within QuickBooks software that organize data into manageable categories like vendors, customers, and inventory items for easy access and management.
Opening Balance
The opening balance is the amount of funds in an account at the start of a new accounting period, carried over from the end of the previous period.
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