How Has the Internet Been an "Enabling Technology" in the Music

question 19

Multiple Choice

How has the Internet been an "enabling technology" in the music industry?

• A) increased demand for the services of local music retailers
• B) removed the product aspect from music offerings
• C) reduced the cost and ease of downloading music
• D) increased the need for more intermediaries
• E) consolidated the efforts of music retailers

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Definitions:

Merchandising Income Statement

A financial statement detailing the gross profit, expenses, and net profit or loss of a retail or wholesale business.

Administrative Expenses

Overheads and general expenses related to the day-to-day management and operation of a business, excluding production and direct costs.

Operating Income

The profit realized from a business's core operations, excluding revenue from investments and costs such as interest expenses and taxes.

Cost Of Goods Sold

The specific costs tied to the production of goods sold by a company, which include the cost of materials and labor.