When the Industry Practice Was to Charge a Fee for Each

question 1

Multiple Choice

When the industry practice was to charge a fee for each DVD rented by the customer,Netflix pioneered the subscription method,a new way to rent DVDs that was cheaper.This is an example of

• A)privatization
• B)economic deregulation
• C)boundary spanning
• D)innovation
• E)benchmarking

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Definitions:

Appreciated

Increased in value or price over time.

US Dollars

The official currency of the United States, widely used as a standard of exchange internationally.

US Demand

The total quantity of goods and services that consumers in the United States are willing and able to purchase at a given price level and time.

British Pounds

The official currency of the United Kingdom, symbolized as £.