Question

In this example, composite wood furniture would be an example of a(n)

A) substitute.
B) rival.
C) new entrant.
D) complementor.

Answer 1

Composite wood furniture is an example of a substitute in the furniture industry. A substitute is a good or service that can be used in place of another. In this case, composite wood furniture can be used as a substitute for traditional wood furniture.

Step-by-step explanation:

Composite wood furniture would be an example of a substitute. A substitute is a good or service that can be used in place of another. In this case, composite wood furniture can be used as a substitute for traditional wood furniture. A substitute is a good or service that can be used in place of another.

Composite wood furniture is an example of a substitute in the furniture industry. A substitute is a good or service that can be used in place of another. In this case, composite wood furniture can be used as a substitute for traditional wood furniture.