By Going Public, Netflix Encountered Competition from the Large, Established

question 11

Multiple Choice

By going public, Netflix encountered competition from the large, established firms Wal-Mart and Blockbuster. What aspect of Netflix going public lured these firms into the market?

• A) By going public, Netflix was required to disclose its financial position.
• B) By going public, Netflix was forced to reveal the Cinematch algorithm used to classify user ratings.
• C) Netflix's model of flat-rate monthly subscriptions was found to be more profitable than a per-disc rental fee model.
• D) Netflix's plan to enter the online movie streaming market alerted rivals to the possibility of losing their market share.
• E) The migration of Netflix services to cover the Blu-ray disc market opened up opportunities for rivals.

Understand the basic process of human development from conception to adulthood.

Recognize the factors influencing prenatal development and the potential impacts of teratogens.

Understand the concept of developmental milestones and the sequence of motor skill acquisition.

Describe the cognitive development process and the role of schemas according to Piaget.

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Definitions:

Elastic Demand

Refers to a market scenario where the quantity demanded of a product changes significantly when its price changes.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of a product or service.

Downsloping Curve

Typically refers to a demand curve in economics, indicating that as the price of a product decreases, the quantity demanded increases, and vice versa.

Price Lowering

Price lowering involves reducing the selling price of goods or services, often as a strategy to increase demand or competitiveness in the market.