VIDEO #1 - Understanding Subscriptions in the Digital Age

What has led to the increase in various types of subscriptions?

• Lower internet usage rates

• Decrease in product quality

• Increased consumer demand for ownership

• Proliferation of digital services and products

What are the two main reasons companies are shifting towards subscription models?

• Product scarcity and exclusivity

• Globalization and market demand

• Technology and consistent revenue

• Customer preference and lower costs

What percentage of Americans underestimate their monthly subscription expenses?

• 50%

• 84%

• 75%

• 92%

What is SAS in the context of subscriptions?

• Service And Software

• Software as a Service

• System as a Service

• Subscription And Service

Why do companies and Wall Street favor subscription models?

• For the unpredictability of revenue

• For the consistent and predictable revenue

• Because it's a traditional business model

• Due to high consumer ownership desire

How can consumers manage their subscriptions more effectively?

• By subscribing to more services

• Creating a list of all subscriptions

• Only using free trials

• Ignoring monthly statements

What law made it easier to cancel subscriptions online?

• 2018 California Law

• 2020 Online Consumer Rights Act

• 2017 Digital Services Regulation

• 2015 Federal Subscription Act

What is a recommended annual practice for managing subscriptions?

• Subscribing to new services

• Ignoring subscription renewals

• Setting a calendar reminder to review subscriptions

• Increasing your budget for subscriptions