Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's five forces model.Which of the following represents supplier power in the music industry?
A)Established record labels like EMI,Sony,Universal.
B)Walmart,Target,iTunes.
C)Game systems like Wii,social networks like Facebook.
D)Taylor Swift,Beyonce,The Beatles,The Stones.

Question

Quizplus · Accepted Answer

Established record labels like EMI, Sony, and Universal have a significant amount of power in the music industry as they control the distribution channels and have the resources to invest in the promotion and marketing of their artists. They also have control over the number of contracts they offer and can dictate terms to the artists.

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