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