Percentages and Percentage Changes: Edexcel Business

Sources for use with Extract A Among signs of market saturation, streaming platforms seek new growth The global market for on-demand streaming platforms has shown signs of saturation for some time, forcing businesses to devise new strategies to stop the loss of subscribers and boost revenue and growth. At the start of 2022, Netflix, the market leader, had 221.6 million subscribers. However, by September 2022 it had lost 1.2 million subscribers. Nearly a dozen major streaming platforms, with Netflix and Disney+ in the lead, are locked in a fierce battle for subscribers. Experts predict that some platforms will have to merge or launch cheaper subscriptions with advertising if growth is to happen. One merger has already taken place, with HBO Max merging with Discovery+. It will start operating in the summer of 2023 as a single streaming service with around 100 million subscribers worldwide. Extract B Outsourcing can be a solution to Australia’s skills crisis Australia has a skills shortage problem that is the worst ever seen. There is a shortage of people as well as skills. This is where outsourcing can help, it provides people to fill the gaps. In Australia, more than 30,000 businesses have outsourced work to different countries. In Australia the outsourcing industry is worth $35bn and growing at 3.3%. This shows that there is a huge demand for it and not just in the traditional areas of finance, telecommunications and banking but now other areas of the service industry. In 2022 we work in a global world where work teams are connected by technology and leadership. Smart businesses will use this to their advantage. Outsourcing is one solution to the current skills crisis – but only if it is done well.

3 Extract C Malaysia’s 2021 Foreign Direct Investment (FDI) value is the highest since 2016 In 2021 FDI into Malaysia increased to RM* 48.1bn. This compared to RM 13.3bn in 2020 and was the highest since 2016, according to the Malaysian Department of Statistics. The manufacturing sector received the largest inflow of FDI with RM 29.5bn in 2021. The second highest was the services sector, mainly in financial services, followed by the mining sector. RM 22.5bn of the FDI came from other Asian countries, mostly from Singapore, Japan and the Republic of Korea. In 2021 the return on investment for FDI companies increased from RM 0.06 to RM 0.13 for every RM 1 of investment. * RM = Malaysian Ringgit

Extract A Among signs of market saturation, streaming platforms seek new growth The global market for on-demand streaming platforms has shown signs of saturation for some time, forcing businesses to devise new strategies to stop the loss of subscribers and boost revenue and growth. At the start of 2022, Netflix, the market leader, had 221.6 million subscribers. However, by September 2022 it had lost 1.2 million subscribers. Nearly a dozen major streaming platforms, with Netflix and Disney+ in the lead, are locked in a fierce battle for subscribers. Experts predict that some platforms will have to merge or launch cheaper subscriptions with advertising if growth is to happen. One merger has already taken place, with HBO Max merging with Discovery+. It will start operating in the summer of 2023 as a single streaming service with around 100 million subscribers worldwide.

Using Extract A calculate, to two decimal places, the percentage decrease in
Netflix subscribers in 2022.