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

question 137

Multiple Choice

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.

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Definitions:

SELL Sequence

A sales technique involving Showing features, Explaining benefits, Leading into advantages, and Letting the customer respond.

Business Proposition

An offer or proposal made by one business to another, detailing how a particular product or service can meet the latter's needs.

FAB Sequences

A sales technique that highlights Features, Advantages, and Benefits of a product to persuade potential customers.

Proof Statements

Sentences or arguments used to validate or support a claim, typically during a debate or a sales pitch to demonstrate benefits or value.