Determine why you believe the product or service is declining in popularity. Be sure to include information on social, demographic, and ethnic markets; economic and technological factors; political and legal factors; and competitive factors. Compact discs are being increasingly replaced by other (and sometimes more compact) forms of storage device. The CD is used largely for music; and as the music industry has its own challenges and feats in a recovering economy, it seems that businesses such as iTunes and other companies that focus on providing music sales and storage without the CD are taking over. CD sales are dropping steadily and even music artists have recognized and instated other forms of making revenue off of their music.
As a result, newspaper circulation fell by 17 percent due to revenues from display advertisement that have plummeted as many marketers engage customers via social media, Internet ads, special events, daily deal sites, and other promotional methods that sidestep newspapers. Consequently, The Wall Street Journal suggestions for price elasticity of demand for its products in digital editions is to try to find pricing approaches that made sense for its situations. In this way, being a national new paper that covers general news politics, economics, investments, the arts, and lifestyle trends that most people need to follow the latest happening in their field and stay updated on world events to pay a yearly amount to access their website. For his manner, the Journal believed it offered a long-term value that they wouldn’t appreciate if they could pay for content by the content or by the week sense they are not providing news instead they are providing a completive advantage tool. Likewise, the Journal site’s loyal and lucrative subscribers base, a growing number of major advertisers are willing to pay to reach audience online, which contributes millions more to the newspaper’s bottom line.
In 2001 it succeeded in shutting down Napster (the leading on-line source of digital music), and it has threatened thousands of individuals with legal action. [10] This failed to slow the decline in revenue and proved a public-relations disaster. [10] However, some academic studies have suggested that downloads did not cause the decline. [11] Legal digital downloads became widely available with the debut of the iTunes Store in 2003. The popularity of internet music distribution has increased and in 2009 more than a quarter of all recorded music industry revenues worldwide are now coming from digital channels.
However during bad times there was an access of inventory which led to problems. Another issue in the auto industry is the interest rates as high interest rates led to a decrease in consumer demand for vehicles due to higher monthly payments. Eaton’s strategy to counteract a downturn was to set aside built up cash balance of $7.6 Billion or $21.13 per share as a cushion for the next downturn. Eaton’s move had critics but results showed that Chrysler’s pension was fully funded for the first time in almost 40 years and their credit rating was also upgraded to single A by major credit agencies. Without the implementation of Eaton’s strategy Chrysler’s credit rating would be poor.
John majors government came into office after the downfall of Margret Thatcher, which ultimately created divisions within the party. Not only did the party suffer from the internal conflict but also faced the problems of the recession after the ‘Lawson boom’. In order to stabilise the economy he joined the ERM getting a good deal but ultimately resulting in ‘black Wednesday’ causing Major to raise interest rates to 15%. This was political suicide and he soon lost the support of the press we had once relied so much on to get re-elected in 1992. The housing market also plummeted leading to negative equity, which the majority of the working class could not afford resulting in the repossession of their houses combined with the drastic increase in unemployment Britain was in a mess.
The media had to go through $1.25 billion in damage and lost battle. In fact, the industry claims that 30-70% of the videos on YouTube are illegally downloaded. Since customers were now watching movies for free, this put a great impact on them. Sales of DVDs were declining while downloading and watching movies online were growing. So, to solve this problem, the movie and television studios decided to do something about this.
The UK government in recent years has had to resort to financial cutbacks due to the recession, especially funds for the public services. This had has a large impact on the public services, majority of them being negative. An example could be there have been many Fire station closures within the UK. The fire service in recent years has vastly improved, this can be show by the number of fires is annually decreasing. This means the government does not see the need to have as many fire men/women and therefore made many redundant and closed down fire stations in order to save money.
The 18th amendment contributed to the rise of organized crime because it created a lot of underground business. From killings to people living in poverty, that’s what the prohibition caused. If people really thought that prohibiting alcohol to be sold leally were going to help the way that people lived during this time, they were wrong. A lot of people were against the law, they argued that if they banned alcohol legal businesses were going to go broke and that was not going to help the economy get better. But alcohol was not the only thing breaking families apart they said, after the war, soldiers would come home and find themselves in a whole, struggling to find jobs.
(Muchmore, 2012) “Lowering PC software piracy by 10 points over four years would create 600,000 additional new jobs worldwide.” (PC SOFTWARE PIRACY POSES CHALLENGES TO CYBER SECURITY, 2009) KIDDER’S NINE STEPS – Individual vs. Community Step 1 – Recognize that there is a moral issue. Although the piracy rates in the current years have slowly decreased, nearly 42% of all software is pirated throughout the world causing fewer IT jobs. Because of those reasons, software piracy is a moral issue. Step 2 - Determine the actor (whose moral issue is it?). The moral issue is the individuals because the person’s actions are not ethical.
Manne also did study on TV companies and the results show that when cable providers were able to change their prices to a higher price and more people started to drop or change. Which caused a massive decline in people watching cable and instead rely on entertainment from websites and other apps such as youtube for example. As Manne said “No decent person should want net neutrality to be a