Many online subscription services have automatic renewal


Problem

Many online subscription services have "automatic renewal" policies, in which they will automatically bill you for another year's subscription when your current one runs out. Why is this default rule a savvy business strategy on the part of the online company?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Many online subscription services have automatic renewal
Reference No:- TGS02718352

Expected delivery within 24 Hours