Asked by Katelyn Smith on Jul 20, 2024

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The music and newspaper industries were hurt primarily by _________.

A) buyer power
B) supplier power
C) threat of new entrants
D) threat of substitutes

Threat of Substitutes

The pressure a company or product faces from alternative products or services that can perform similar functions, potentially reducing demand for the original.

Music Industry

The sector of the economy that is responsible for the production, distribution, and promotion of music and its related products and services.

Newspaper Industry

The sector of the economy involved in the production and distribution of daily or weekly publications containing news, information, and advertising.

  • Recognize the impact that alternative products or services have on determining the threat levels within an industry.
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Victoria FitzmorrisJul 26, 2024
Final Answer :
D
Explanation :
The music and newspaper industries were primarily hurt by the threat of substitutes, such as digital music services and online news sources, which provided alternatives to traditional consumption methods.