Netflix, an Online DVD Rental Service, Was Established in 1997

question 298

Multiple Choice

Netflix, an online DVD rental service, was established in 1997. In 2010, Netflix has more than 10 million subscribers. This technology has ________ in the labor market for computer software programmers.

• A) decreased demand
• B) increased supply
• C) decreased supply
• D) increased demand

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Definitions:

Contribution Format

A type of income statement format that separates fixed from variable costs, highlighting the contribution margin.

Fibers Segment

A specific division or part of a company that deals with the production or sale of fibers, often within the textile industry.

Feedstocks Segment

This term refers to a division within a company or industry that deals with raw materials used for the production of chemical products or fuels.

Fixed Expenses

Costs that remain constant for a certain period of time regardless of changes in levels of production activity, such as lease payments or salaries of permanent staff.