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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?
Labor Costs
The total expenses associated with employing staff, including wages, benefits, and taxes.
Shareholders
People or organizations that hold stock in a corporation, granting them specific rights and an interest in how well the company does.
Ethical and Legal Harmony
The ideal state in which ethical principles and legal regulations align to guide individual and corporate behavior without conflict.
Utopian Society
An idealistic community or society possessing highly desirable or perfect qualities, especially in its social, legal, and moral aspects.
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