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.
The type of sampling used is cluster.
<u>Explanation:</u>
The process that is used to study the characteristics of a larger population by observing only a smaller group of larger one is called sampling. There are two important terms used in this process. One is larger population and the other one is the sample size. The type of sampling method that we use in a sampling process is determined by the type of analysis that we use.
The process in which the larger population is divided into smaller groups mainly based on the geographic features is called as cluster sampling. The groups in which the larger population is divided is called groups or blocks. The random selection is applied for selecting the groups.
First one; Reinforcement and second one; Biologically.
<em>Hope this helped! :)</em>
Social psychology is defined as the scientific study of how people think, influence and relate to one another, as its focus is the study of social behavior in human relationships.
<h3>Relevance of social psychology</h3>
Developed by Kurt, this approach helps to understand social conditioning, focusing on the connections that link an individual to the group and how this interaction is able to influence their actions and choices.
Therefore, through this approach it is possible to identify behaviors related to the process of socialization and culture of an individual, being a relevant approach to the study of behavior in groups as in organizations.
The corresct answer is:
- Think about, influence, and relate to one another.
Find out more information about social psychology here:
brainly.com/question/3067799