In the 1990s, Philips Electronics developed a new consumer electronics product called the Digital Compact Cassette (DCC) player. DCC allowed users to record and playback in a new digital format; DCC was also designed to play the older, analog cassette tapes that many people own. This latter feature reflects which of the following characteristics of innovations

compatibility

Explanation:

The Digital Compact Cassette is an innovation that is showing compatibility because it is not only bringing something new to the customer (the ability to record and playback), but also giving the customer the possibility of playing old cassette tapes in the new format.

In simple words, the DCC is compatible with older tapes, which gives it no only a value as a new product, but also a value as a product that replaces and old product (which is not necessarily the same, many new products do not replace old product, the old product simply disappears).

answer decisions made by individual households and firms;