Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1A (6 marks): Netflix's business model has gone through a few critical transitions. Netflix has started as a delivery-based DVD rental service to online

Question 1A (6 marks):

Netflix's business model has gone through a few critical transitions. Netflix has started as a delivery-based DVD rental service to online streaming and is now serving as a global platform that attracts content creators worldwide. How do you think Netflix's business model changes have influenced Netflix's brand personality over time? Brand personality has five distinctive dimensions. Discuss each dimension.

Question 1B (6 marks)

Netflix's "Trending Now" or "Top 10 TV Shows in Australia" received positive feedback from many subscribers. Discuss how these marketing strategies work in terms of social influence. Focus on discussing reference groups and the concept of conformity.

Question 1C (8 marks)

The conceptual framework of Elaboration Likelihood Model (ELM) is relevant to the formation of attitudes. According to the ELM, the processing of marketing information can take either a high or low-involvement process. The level of involvement could depend on two factors: the characteristics of the product/services (e.g., type of product/services, price of the product/services, frequency of purchases, familiarity with the product/services etc.) and personal factors (e.g., how important the product is to you). Explain when and why Netflix could become a high involvement product and when and why it can be a low involvement product.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing Mistakes And Successes

Authors: James F. Dartley

11th Edition

978-0470169810, 0470169818

More Books

Students also viewed these Marketing questions