Exam (elaborations)
OIM 210 Exam 2: Questions With Accurate A+ Solutions
- Course
- Institution
OIM 210 Exam 2: Questions With Accurate A+ Solutions
[Show more]
Content preview
OIM 210 Exam 2: Questions With Accurate A+ SolutionsNetflix was a _________ and _______________. Right Ans - early mover and went
public too early
Was Netflix stradding? Right Ans - Yes but it was able to create strategic
competitive advantages
Was the road smooth while transitioning for online DVD? Right Ans - No,
there was a botched attempt to split the firm into two separate services: The
Qwikster Debacle
Differences between DVD-by-mail and streaming video? Right Ans -
Content cost, content availability, revenue opportunities, rivals and their
motivation and more
What were the three things that placed Netflix at the top? Right Ans - Scale,
brand, and switching cost
People thought switch to streaming would be ________________ because
___________. Right Ans - "underwhelming" and because there is not enough
content and no way to get the content to the television
What did Reed Hastings say his biggest regret was? Right Ans - Taking his
firm public too early because once public Netflix was required to disclose its
financial position and the whole world soon learned that Netflix was on a
profit march with remarkable growth
Netflix's profit was like Right Ans - "blood in the water, attracting two very
big sharks: Blockbuster and Walmart"
Netflix Brand Right Ans - built through customer experience, it was critical
online where bad news spread so fast and competition is a click away
Reed Hasting's ____________ and ___________ made Netflix the first firm consumers
thought of. Right Ans - early market entry and effective execution
Netflix Scale Right Ans - Managed to gain advantages in scale through a
nationwide network of fifty-eight highly automated distribution center that
, collectively could deliver DVD's overnight to some 97 percent of US
population
refers to an extremely large selection of content or products. Whereby firms
can make money by offering near-limitless selection. Helps create scale from
selection Right Ans - Long tail
Two critical factors when debate of size of the profitable tail Right Ans -
1.)The internet allows large-selection inventory efficiencies that offline firms
can't match
2.)Selection attracts customers
Can Netflix structure be copied? Right Ans - Yes it would take a lot of time
and money
Walmart tried to enter the market but why did they pull the plug? Right
Ans - Because since entering this market was such a huge investment, there
was extended periods of loss to unseat the early-moving leader and Walmart
couldn't lower their prices
Blockbuster failed because Right Ans - They didn't have the distribution
centers, selection and customers to be competitive
When does Netflix collect data? Right Ans - Data is collected when
customers rate movies they've seen, customers likes and dislikes
Where does Netflix data go? Right Ans - Cinematch
A classification of software that monitors trends among customers and uses
this data to personalize an individual customer's experience; Cinematch is this
Right Ans - Collaborative Filtering
The rate at which customers leave a product or service Right Ans - Churn
Rate
The year after Blockbuster and Walmart launched copycat efforts, the Netflix
churn rate _______ Right Ans - fell
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Zendaya. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now