In the television industry, what does the term "cord cutting" refer to, and how does it impact the industry? Please provide a brief explanation. Group of answer choices Cord cutting refers to the phenomenon where people discontinue their cable subscriptions in favor of Internet-based providers or streamers for their entertainment and news content, impacting traditional cable TV revenues and distribution. Cord cutting refers to the practice of reducing the number of wires and cables used in television broadcasting, resulting in cost savings and improved signal quality. Cord cutting refers to the process of upgrading cable connections to deliver higher-quality programming and services to viewers, leading to increased industry competitiveness. Cord cutting refers to the practice of bundling cable and Internet services to offer cost-effective packages to consumers, strengthening the cable industry's position