Buying Opposed to Renting Economics for Business I/ Econ 360 Dr Pamela Cameron
Buying Opposed to Renting
<Tab/>With the introduction of the digital video decoder (DVD) to the market, the videocassette recorder (VCR) is becoming obsolete. More and more single-family homes are opting for the digital dolby discs rather than the traditional videocassettes. With video renting becoming a more popular source of entertainment, the DVD rental industry saw a dramatic increase in revenue. The new DVD players that are being released to the …
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…allow the consumers to keel the movie for up to seven days, the rental rates have also seen an increase. With all the discounts and special promotions that are being given, stores are making it impossible to pass up such good bargains. By lowering the retail price of movies, it is evident that consumers are simply opting to buy, because that offers the best deal.
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