The Development of CDs and DVDs,which Significantly Reduced the Market

question 130

Multiple Choice

The development of CDs and DVDs,which significantly reduced the market for cassette tapes,is an example of:

• A) specialization.
• B) derived demand.
• C) roundabout production.
• D) creative destruction.

---

Definitions:

Dependability

The quality of being trustworthy and reliable, consistent in performance or behavior.

Friendship Patterns

The recurrent behaviors and interactions that characterize the relationships between friends, often influenced by social, cultural, and individual factors.

Apartment Buildings

Multi-unit residential buildings where individuals or families live in separate apartments, but share common areas such as hallways and exterior spaces.

Proximity

The physical closeness between people, objects, or geographical locations, which can influence relationships and interactions.