Your boss,Ty Jacob,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, and Universal.
B) Independent record labels.
C) Game systems like Wii and social networks like Facebook.
D) Taylor Swift, Beyonce, The Beatles, and The Rolling Stones.

Question

Quizplus · Accepted Answer

Game systems like Wii and social networks offer alternatives or substitute products to purchasing music for a consumer.

Your Boss,Ty Jacob,has Asked You to Analyze the Music Industry