Since Its Launch,Netflix Has Changed Its Business Model in Order

question 69

Multiple Choice

Since its launch,Netflix has changed its business model in order to

• A)compete with Blockbuster retail store expansion.
• B)respond to changing consumer needs and the evolution of new technologies.
• C)expand its focus from entertainment to movie collectibles and memorabilia.
• D)avoid head-to-head competition with satellite television providers,which recently announced a strategic partnership with Blockbuster that offers a similar service as Netflix.
• E)begin preparations to withdraw from its traditional method of mail delivery,which takes 2-3 business days and introduce next-day delivery through FedEx.

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Definitions:

Exotic Fish

Fish species that are not native to a specific location, often kept in aquariums or introduced to new environments where they can sometimes become invasive.

Common Resources

Natural or man-made resources that are not excludable but are rival in consumption, such as fish in the sea or public parks.

Excludable

A characteristic of a good or service that means it can be prevented from being used by people who have not paid for it.

Private Goods

Goods that are excludable and rivalrous, meaning one person's consumption prevents another's and consuming the good diminishes its availability for others.