Which of the following accurately describes how Netflix used innovation to gain a competitive advantage?
A. Netflix moved from online streaming to online DVD rentals via the Internet.
B. Netflix applied big data analytics to its user preferences to provide highly personalized viewing recommendations.
C. Netflix applied first mover advantages to lock up talent needed to produce original content for DVD rentals and online streaming.
D. Netflix moved from content development to upgrading its data analytics to provide faster online streaming.
Answer: B
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After analyzing their company's strengths and weaknesses, top managers at Loan Bright decided that they would serve individual loan officers who typically only wanted to purchase small sets of homebuyer data, rather than bigger institutional clients
To meet the needs of this segment, Loan Bright simplified its sales contract, restructured its advertising efforts to focus on Google ads, and created a separate customer-service department. Loan Bright's strategy is best described as a(n) ________ strategy. A) overall cost leadership B) focus C) differentiation D) diversification E) promotional
The difference that arises between the balance on the bank statement and the balance on the company's books because of a time lag in recording transactions is known as a timing difference
Indicate whether the statement is true or false
Last National Bank is offering you a loan at 10%; payments on the loan are to be made monthly
Credit Onion is offering you a loan where payments are to be made semiannually; the rate on the loan is also 10%. Local Bank down the street is also offering a loan at 10% where the payments are made quarterly. Which loan has the lowest annual cost? A) Local Bank's loan B) Credit Onion's loan C) Last National Bank's loan D) All of the loans will have the same annual cost.
A product sells for $750 in the United States. The exchange rate is $1 to 1.65 Swiss francs. If purchasing power parity (PPP) holds, what is the price of the product in Switzerland?
A. 123.75 Swiss francs B. 454.55 Swiss francs C. 750.00 Swiss francs D. 1,237.50 Swiss francs E. 1,650.00 Swiss francs