Netflix changing price

1. What is the law of increasing subscriptions price?

• Law of Supply

• Law of Demand

• Law of Consumer

• Law of Price

2. 2. What is the law of rising operational cost?

• Law of Demand

• Law of Consumer

• Law of Supply

• Law of Scarcity

3. What is the type of goods of Netflix?

• Luxury Goods

• Consumer Goods

• Economic goods

• Inferior Goods

4. Who are the three parties affected by Netflix’s price changes?

• Individuals, society, and the economy

• Netflix, competitors, and advertisers

• Only individuals and competitors

• Society and advertisers

5. How do increased subscription fees affect individuals?

• They subscribe to more platforms.

• Customer retention decreases as people cancel subscriptions.

• They stop watching entertainment altogether.

• They spend more on Netflix.

6. Why might society rely more on free or illegal streaming platforms?

• Because illegal platforms offer superior content.

• Because Netflix encourages the use of illegal platforms.

• Because competitors are banning paid subscriptions.

• Because fewer people can afford Netflix due to higher subscription costs.

7. How does the price increase affect Netflix’s growth potential in the economy?

• It allows Netflix to dominate the market.

• It forces competitors out of business.

• It makes Netflix immune to economic changes.

• It reduces Netflix’s competitive advantage and revenue growth.

8. Why is it important for Netflix to invest in improving its streaming technology and creating new content?

• Because it helps Netflix stay competitive, attract more viewers and meet the growing demand.

• Because it helps Netflix more papular for a while.

• Because it helps Netflix become a bankcrupt company.

• Because Netflix always get the attention from the consumer thus they didn't need to improve.

9. How can offering more flexible subscription plans help Netflix?

• Netflix likes to offering more flexible subscription in their company.

• It can make Netflix didn’t want to lose the chance to gain profit.

• It can attract consumer to subscribe their subcription to watch entertainment.

• It can help Netflix attract a wider audience by providing options that suit different needs and budgets.

10. What is the factor that significantly impact Netflix's pricing and customer behavior?

• Chikens marketing

• Software-related cost

• Rising operational quantity

• Decreasing subscription