What was the timing strategy used to enter these new international markets? What are the advantages of each of these two strategies? What major factor in this video was given to explain why Netflix di:
a. Fast follower strategy; advantages include reduced risk and lower cost; Netflix entered new markets quickly due to high demand
b. First mover strategy; advantages include establishing brand loyalty and market dominance; Netflix entered new markets quickly to gain competitive advantage
c. Slow growth strategy; advantages include careful market observation and reduced risk; Netflix entered new markets slowly to ensure success
d. Retrenchment strategy; advantages include cost savings and operational efficiency; Netflix entered new markets slowly due to financial constraints