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, 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

Game systems like Wii and social networks like Facebook can provide substitute products or services for the music industry. For example, people may choose to spend their time gaming or socializing on Facebook instead of listening to music.

Your Boss, Ty Jacob, Has Asked You to Analyze the Music