Which of the Following Is Not a Good Example of a Substitute

question 1

Multiple Choice

Which of the following is not a good example of a substitute product that triggers stronger competitive pressures?

• A)Lyft or Uber as a substitute for rental cars
• B)Airbnb as a substitute for hotels and motels
• C)Dasani water as a substitute for Aquafina water
• D)Smartphones as substitutes for film cameras
• E)Netflix and Amazon streaming video on demand as a substitute for DVD players

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Definitions:

Equal Annual Payments

Payments made in uniform amounts each year, typically used in amortization of loans or in annuities.

Compound Interest

This is the calculation of interest on a deposit or loan that takes into account both the initial principal and the compounded interest from past periods.

Bonds Payable

Long-term liabilities representing money a company owes to holders of its bond issues, often with fixed interest payments.

Long-Term Lease Liabilities

Financial obligations resulting from leasing contracts that extend beyond one year, recorded on the balance sheet under liabilities.