Netflix response to change in demand

What is demand?

• Ability to buy a product

• Willingness to buy a product

• Ability and willingness to buy a product

• Amount of sales in the market

Match the following

• so demand falls

• Prices go up....

• This is not related to demand but supply

• Amount a company can provide to the market

• so demand rises

• Prices go down....

Which are likely reasons why a company is under pressure to drop prices?

• Competitors

• High demand

• Having an USP

• Cost of Living Crisis

Who is the company (responding to an change in demand) in the case study?

• Apple

• Disney Plus

• Amazon

• Netflix

What was the factor that affected demand for the company's product?

• COVID Pandemic

• BREXIT

• Election

• Cost of Living Crisis

How did the factor affect demand?

• Increased

• Reduced

Can you explain why the factor changed demand for Netflix?

How did Netflix respond to the increase in demand and was it successful? (consider in reference to aims and objectives)