Edexcel A Level Business: Music Industry

Front

What is disintermediation in the music industry?

Back

The removal of intermediaries like record labels, allowing artists to sell directly to fans.

Front

How has mobile technology impacted music consumption?

Back

Increased accessibility through streaming apps and on-the-go listening.

Front

What is meant by “subscription revenue” in the music industry?

Back

Recurring income from users paying monthly for access to music platforms.

Front

Give one strength of independent music retailers.

Back

Ability to focus on customer service, community loyalty, and unique stock.

Front

What is a threat to traditional music retail shops?

Back

Declining footfall and increasing online competition.

Front

How might a chain like HMV compete with Spotify or Apple Music?

Back

Diversifying into merchandise, vinyl, and pop culture experiences.

Front

What is horizontal integration in the music sector?

Back

When two businesses at the same stage of production merge, e.g., two record labels.

Front

What is the difference between revenue and profit?

Back

Revenue is total sales income; profit is what remains after costs are subtracted.

Front

Why might a music streaming business prioritise user growth over profit initially?

Back

To build market share and achieve economies of scale.

Front

Name one way a global record label can achieve economies of scale.

Back

Distributing music internationally using shared technology and platforms.