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,Beyonce,The Beatles,The Stones.

Question

Quizplus · Accepted Answer

Game systems like Wii and social networks like Facebook represent the threat of substitute products or services in the music industry. These platforms offer alternative ways for consumers to access and enjoy music, which could potentially harm the sales and revenue of traditional music industry players like record labels and artists.

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