It's No Secret That Blockbuster™ Stores Have Closed, While Netflix™

question 300

Multiple Choice

It's no secret that Blockbuster™ stores have closed, while Netflix™ is still growing. Both companies participated in the video rental business. Netflix evaluated the lifestyle needs of video customers, understanding that time, family, and work obligations called for more convenient methods to receive video entertainment. Netflix embraced the opportunity to utilize the Internet and smart TVs, to stream videos directly to customers. The company also managed to keep customer costs down, by passing along the savings it realized in labor. Blockbuster did not keep its eye on competitor movements, permitting Netflix to quickly capture video market share. In sizing up the situation, which external environment(s) probably had the least effect on Netflix's success?

• A) Social environment
• B) Competitive environment
• C) Economic and legal environment
• D) Technological environment

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Definitions:

Memory Consolidation

The process by which initial fragile memory states are transformed into stable, long-term memories.

Intoxicated With Alcohol

Refers to a temporary state resulting from the consumption of alcohol in which cognitive, physical, and emotional faculties are impaired.

REM Sleep

A stage of sleep characterized by rapid eye movements and is associated with dreaming.

Sympathetic Nervous System

The division of the autonomic nervous system that arouses the body, mobilizing its energy.