The correct answer to this open question is the following.
Although there are no options attached we can say the following.
I think Jim Braddock's winning streak inspired people so much because he is a good example of endurance, perseveration, and faith when difficult moments make people surrender. In his case, he never surrendered and worked hard to sustain his family during the difficult years of the Great Depression.
Those years of the Great Depression were tough ones. After the US stock market crash of October 219, 1929, millions of Americans lost their jobs, companies broke, and banks went into bankruptcy.
Braddock was a boxer that returned to the ring in 1935, after struggling during those difficult years, and won the championship.
His story is so inspirational even now because is an example of perseveration and endurance under difficult times. It is a history of how a man can overcome adversity if he is committed to doing what he needs to do in order to get what he wants, keeping the faith, and never, ever surrender.
Answer:
The music industry has shifted from a Markup/Peak market cycle to a Distribution/Contraction cycle market
Explanation:
There are four phases in the market cycle.
1. Accumulation or Expansion
2. Markup or Peak
3. Distribution or Contraction
4. Markdown
- Accumulation occurs as a result of economic growth in the market
- Markup or Peak occurs when the buying pressure reaches it highest level.
- Distribution or Contraction occurs when there is weakening in the market, that is, weakening of the market but not total collapse.
- Markdown occurs when the market has sung down to the lowest possible point, that is when there is total collapse of the market.
The market has a cycle that rotates round like a cycle. The moves from Accumulation to Markup then to the Contraction cycle then to Markdown market cycle.
From the scenario given, the music industry was at the Markup cycle market during the time when the music industry could sign multi-year contracts with artists and sell copyright protected music through establish distribution channels.
However, the music industry experienced the Distribution or Contraction market cycle when there was a decline in the number of Compact Disc sold as a result of a shift to digital format and rise of internet technology which allowed sharing of music over a peer-to-peer network without visiting the music shops to buy Compact Disc from recognized distributors.
Answer:
Routine Activity Theory
Explanation:
The routine Activity Theory is a criminalistic theory that focuses in the day to day life of the offenders and how this affects him when they commit a crime.
The proposers of this theory state that a crime occur when three situations happen:
- a motivated offender (person who commit a crime)
- the absence of capable guardians (the police)
- The availability of suitable targets (the people who will be the victims).
Observing this definition and the example, we can conclude that The view that victimization results from the interaction of three everyday factors: the availability of suitable targets, the absence of capable guardians, and the presences of motivated offenders is called: Routine Activity Theory.
