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Give Examples of How Netflix Takes Advantage of Business Analytics

question 35

Essay

Give examples of how Netflix takes advantage of business analytics, and what benefits they receive from doing so.


Definitions:

Market Size

The total volume of sales or potential sales for a product or service within a specific market.

Profit-maximizing

The method of modifying manufacturing and selling tactics to obtain the maximum profit achievable.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Marginal Cost

Refers to the increase in total production cost that comes from making or producing one additional unit.

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