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:
TRUE
Explanation:
Anchoring and adjustment heuristic was first developed by two Psychologists, named Amos Tversky and Daniel Kahneman. According to Anchoring and adjustment heuristic, as theorized by Amos Tversky and Kahneman, for an individual to make intuitive judgment and decisions, they tend to initially rely on information suggested by a reference or information that comes to mind first, this is referred to as “the anchor”. “The anchor” is the reference or starting point. And as time goes on, the individual would be exposed to additional information upon which adjustment is made until a satisfactory estimate is made.
The anchoring and adjustment heuristic is what Becky demonstrated as illustrated in the question above.
Answer:
True
Explanation:
In the Daubert case, The case is tainted because the defendant provided 'expert witness' to give testimony in the favor, but the testimonies that given contradict the common scientific knowledge that is held by scientific community. Even though this happen, the juries still rule in favor of the defendant simply because they brought 'an expert'.
To prevent this from happening again, the supreme court created rule 702 which restrict the type of expert testimonies that are admissible in court.
Answer: Appropriateness
Explanation:
Appropriateness is defined as the quality or ability of being special in your own way. This cultural variation speaks to the appropriateness element of communication competence where different cultures have different standards that define competent communication. Every culture have what they stand for or uphold and it separates them from the other.
Answer: The major elements of culture are symbols, language, norms, values, and artifacts.
