Netflix Is Raising Prices by At Least $1 in U.S.

Netflix Is Raising Prices by At Least $1 in U.S.

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

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The video discusses Netflix's strategy of increasing subscription prices in developed markets like the US and Canada, while maintaining lower prices in developing regions to expand its subscriber base. It highlights Netflix's pricing power among tech companies and the rationale behind its pricing strategy, supported by surveys indicating customer willingness to accept slight price hikes.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason Netflix is able to increase its subscription prices in the US and Canada?

They have a monopoly in the streaming market.

They want to reduce the number of users.

They have significant pricing power among big tech companies.

They are losing subscribers rapidly.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Netflix's pricing strategy differ between developed and developing markets?

They increase prices in both markets equally.

They raise prices in developed markets and keep them low in developing markets.

They keep prices low in developed markets and high in developing ones.

They do not change prices based on market development.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does Netflix keep prices low in many Asian countries?

To test new content strategies.

To attract a wider subscriber base.

To comply with government regulations.

To compete with local streaming services.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of US TV households are subscribed to Netflix?

About 30%

About 50%

About 60%

About 80%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What have surveys shown about Netflix subscribers' reaction to price increases?

They prefer a reduction in content over price increases.

They are indifferent to price changes.

A majority are willing to accept slight price increases.

Most are planning to cancel their subscriptions.