Netflix Is Credited with Accurately Predicting Viewer Preferences, and Collects

question 53

Short Answer

Netflix is credited with accurately predicting viewer preferences, and collects detailed information about viewer behavior. What does Netflix use to gain such capabilities?

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Definitions:

Inventory

A company's assets that are ready for sale or will be ready after processing.

Perpetual Inventory System

An inventory management system where records are updated on a continuous basis as inventory items are purchased and sold.

Transactions

Financial events that affect the assets, liabilities, and equity of a company.

Multiple-Step Income Statement

An income statement that separates operational revenues and expenses from non-operational ones to calculate net income.