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Questions and Answers
Questions and Answers
What aspect of Netflix going public lured large, established firms into the market?
What aspect of Netflix going public lured large, established firms into the market?
- Netflix's model of flat-rate monthly subscriptions was found to be more profitable than a per-disc rental fee model.
- By going public, Netflix was required to disclose its financial position. (correct)
- By going public, Netflix was forced to reveal the Cinematch algorithm used to classify user ratings.
- Netflix's plan to enter the online movie streaming market alerted rivals to the possibility of losing their market share.
- The migration of Netflix services to cover the Blu-ray disc market opened up opportunities for rivals.
The long tail is a phenomenon whereby firms can make money by:
The long tail is a phenomenon whereby firms can make money by:
- Leveraging customers to promote their products or services.
- Selling the same product to virtually every customer the Internet can reach.
- Selling the same product at different prices with only minor tweaks in their design.
- Offering a selection of products or services vastly greater than conventional retailers. (correct)
- Reselling multiple versions of a single product under different brand names.
Collaborative filtering is a classification of software that:
Collaborative filtering is a classification of software that:
- Monitors trends among customers to personalize an individual customer's experience. (correct)
- Selectively sorts movies based on their censor ratings and delivers age-appropriate search results.
- Provides Netflix users with parental controls and other options while streaming movies online.
- Collates user ratings for a movie and creates a ranked list of movies most liked by users.
- Is used to gather user ratings and calculate a gross average user rating for each movie.
How does the Cinematch recommendation system work?
How does the Cinematch recommendation system work?
Churn rate refers to the:
Churn rate refers to the:
How is scale important to Netflix's streaming business?
How is scale important to Netflix's streaming business?
Price elasticity refers to the:
Price elasticity refers to the:
Sony has ceded its market dominance to Apple because:
Sony has ceded its market dominance to Apple because:
Which of the following is true of disruptive technologies?
Which of the following is true of disruptive technologies?
Which of the following is a way to recognize potentially disruptive innovations?
Which of the following is a way to recognize potentially disruptive innovations?
Which of the following is considered one of the three 'pillars' critical to Amazon's business success?
Which of the following is considered one of the three 'pillars' critical to Amazon's business success?
Why would Amazon allow products sold by others to appear on its site?
Why would Amazon allow products sold by others to appear on its site?
Which of the following is true of Amazon's warehousing process?
Which of the following is true of Amazon's warehousing process?
Money owed for products and services purchased on credit to be paid at a later date is known as _____.
Money owed for products and services purchased on credit to be paid at a later date is known as _____.
The firm's period between paying suppliers for products and collecting funds from customers who purchase these products is referred to as the _____.
The firm's period between paying suppliers for products and collecting funds from customers who purchase these products is referred to as the _____.
Firms that can't generate cash quickly enough are referred to as having _____.
Firms that can't generate cash quickly enough are referred to as having _____.
The phrase inventory turns refers to:
The phrase inventory turns refers to:
Which of the following is true of Amazon Web Services (AWS)?
Which of the following is true of Amazon Web Services (AWS)?
Amazon Web Services (AWS):
Amazon Web Services (AWS):
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Study Notes
Study Notes
Netflix Competition and Public Offering
- Netflix's public offering attracted major competitors like Wal-Mart and Blockbuster.
- The new entrance by Netflix revealed its intention to innovate, especially in online streaming, raising concerns over market share losses.
Long Tail Business Model
- Long tail refers to monetizing by offering a vast selection of products beyond typical retail assortments.
- This model allows companies to cater to niche markets, differing from conventional sales strategies.
Collaborative Filtering
- Collaborative filtering customizes user movie suggestions by analyzing the preferences of similar users.
- It enhances the personalization of the user experience on platforms like Netflix.
Cinematch Recommendation System
- Cinematch creates a tailored experience by mapping user ratings and preferences, steering users towards similar titles.
Churn Rate
- Churn rate measures customer retention, specifically indicating the percentage of customers leaving a service.
Importance of Scale at Netflix
- A larger customer base enables Netflix to invest more in acquiring content licenses, offering competitive advantages.
Price Elasticity
- Price elasticity assesses how demand for a product changes in response to price alterations, indicating consumer sensitivity.
Sony’s Market Shift to Apple
- Sony lost its dominance in portable music to Apple due to failure to adapt and capitalize on technology trends.
Disruptive Technologies
- Disruptive technologies initially perform less but eventually improve to compete with established firms in the market.
Recognizing Disruptive Innovations
- Engaging with venture capitalists and forward-thinking internal teams can help identify potential disruptive innovations.
Amazon's Business Model Pillars
- A vast selection of products is one of the three core elements that have driven Amazon's success.
Third-Party Sellers on Amazon
- Allowing third-party sellers enhances product selection and creates network effects, benefiting Amazon strategically.
Amazon's Warehousing Strategy
- Amazon optimizes its warehouse organization by ensuring that no similar items are stored together, facilitating efficient order fulfillment.
Accounts Payable
- Accounts payable defines the total debts owed by a company for goods and services received on credit.
Cash Conversion Cycle
- Cash conversion cycle describes the interval between paying for inventory and receiving payments from customers.
Liquidity Issues in Firms
- Firms facing liquidity problems struggle to generate cash flow quickly enough to meet liabilities.
Inventory Turns
- Inventory turns indicate the frequency at which inventory is sold or used within a determined timeframe, reflecting sales efficiency.
Amazon Web Services (AWS)
- AWS contributes a minimal revenue percentage compared to Amazon's overall earnings, yet it provides extensive computing capabilities to both corporations and individual clients.
Advantages of AWS
- AWS offers diverse benefits, such as enhanced scalability, reliability, and security for computing resources, influencing various industries’ operational methodologies.
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