If they were to use the internet this may increase their market share as they reach a wider market as other countries can use its service seen in 190 other countries using Netflix which would therefore increase their profits as they have a wider customer base so more are paying monthly subscriptions to Netflix which will increase their cash flow. It may also decrease their costs as they don't have to set up stores which would cost them rent if they sold DVDs they most likely would have to set up stores, so they have higher profits which they can use for advertising which leads to more customers aware of their product, so more likely to buy therefore higher sales. please could you mark my answer it would be very appreciated!
@@mia5854 This would get you 6 marks. Application is really strong. While you've got two benefits you've given 5 interconnected points. Just shorten your answer. E.g. start it where it says reach a wider market. The bit beforehand is unnecessary. Best wishes
Hey Gel. No. It depends on how the entire year group does. They adjust so a certain percentage gets a given grade. I'd imagine 55% or so will be a grade 5.
@@enterpriseeconomicsbusines7224 because there are no previous years and this is the first sitting for this paper it is hard to guess. I was hoping it would be similar to the IGCSE which is a similar format. I think a grade C started at about 38% which I am hoping will be a 4 on this paper.
If they were to use the internet this may increase their market share as they reach a wider market as other countries can use its service seen in 190 other countries using Netflix which would therefore increase their profits as they have a wider customer base so more are paying monthly subscriptions to Netflix which will increase their cash flow. It may also decrease their costs as they don't have to set up stores which would cost them rent if they sold DVDs they most likely would have to set up stores, so they have higher profits which they can use for advertising which leads to more customers aware of their product, so more likely to buy therefore higher sales. please could you mark my answer it would be very appreciated!
Hi Mia. What was the question and I'll give you some feedback.
@@enterpriseeconomicsbusines7224 analyse the benefit of Netflix of using the internet to distribute its streaming video service, thank you!
@@mia5854 This would get you 6 marks. Application is really strong. While you've got two benefits you've given 5 interconnected points. Just shorten your answer. E.g. start it where it says reach a wider market. The bit beforehand is unnecessary. Best wishes
@@enterpriseeconomicsbusines7224 thank you so much I'll try do that for Tuesday!
Do you have any ideas of the grade boundaries?
Hey Gel. No. It depends on how the entire year group does. They adjust so a certain percentage gets a given grade. I'd imagine 55% or so will be a grade 5.
@@enterpriseeconomicsbusines7224 because there are no previous years and this is the first sitting for this paper it is hard to guess. I was hoping it would be similar to the IGCSE which is a similar format. I think a grade C started at about 38% which I am hoping will be a 4 on this paper.