Your boss, Pam Anderson, has asked you to analyze the music industry using Porter's Five Forces Model. Which of the following represents the threat of substitute products or services in the music industry?
A) Established record labels like EMI, Sony, Universal
B) Independent record labels
C) Game systems like Wii, social networks like Facebook
D) Taylor Swift, Beyoncé, The Beatles, The Stones

Question

Quizplus · Accepted Answer

The threat of substitute products or services in the music industry includes alternatives that consumers might choose over traditional music consumption, such as spending time on game systems like Wii or engaging with social networks like Facebook, instead of listening to music. These alternatives can reduce the demand for music products and services by providing different forms of entertainment or engagement.

Your Boss, Pam Anderson, Has Asked You to Analyze the Music