stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Duplicate of Paper 3 Edexcel business ALevel Music industry Flashcards | StudBud
Explore
/
Duplicate of Paper 3 Edexcel business ALevel Music industry
Duplicate of Paper 3 Edexcel business ALevel Music industry
20 terms
·
StudBud Administration
·
27 plays
Imported from external platform
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
What is a recent trend in recorded music consumption?
Increase in CD sales
Decline in streaming services
Rise in illegal downloads
Growth in vinyl sales
2
Entrepreneurs in live music must often:
Avoid promotion and advertising
Prioritise shareholder dividends
Manage budgets and coordinate teams
Own a record label
3
How has subscription pricing impacted the recorded music industry?
Eliminated physical music sales
Increased piracy
Created predictable revenue streams
Reduced artist revenues
4
What is an example of a variable cost at a live music event?
Lighting installation
Security wages
Insurance
Venue hire
5
What is a key competitive advantage of multinationals in music distribution?
Limited market reach
Personal customer service
High economies of scale
Low brand awareness
6
What is a typical risk for a music event entrepreneur?
Too many suppliers
Weather conditions for outdoor events
Strong consumer demand
Guaranteed profits
7
What is a key challenge when managing resources at live events?
Managing perishable goods
Inventory rotation
Data protection compliance
Ensuring security and crowd control
8
Which business is most likely to benefit from live music events?
An airline
A fast food chain
A nearby hotel or venue
An online retailer
9
Which of the following is a fixed cost for a music event?
Ticket sales
Food vendor sales
Artist fees
Merchandise revenue
10
What growth strategy would a record label acquiring a music streaming platform be an example of?
Organic growth
Horizontal integration
Vertical integration
Conglomerate merger
11
Which consumer demographic is most likely to stream music?
18–24-year-olds
Under 12s
55–64-year-olds
35–44-year-olds
12
Which platform dominates the global streaming music market?
Apple Music
Tidal
Spotify
Amazon Music
13
Why do global music distributors often use data analytics?
To monitor studio costs
To record CDs
To target advertising and optimise playlists
To remove copyright protections
14
Which of the following is a ‘Big Three’ global music company?
SoundCloud
BBC Radio
Merlin
Universal Music Group
15
Which of the following is a likely business objective for a growing music distribution company?
Expanding market share
Limiting innovation
Increasing staff turnover
Decreasing brand recognition
16
How do independent music retailers often differentiate themselves?
Price cutting
Specialised genres and in-store events
Digital-only offerings
Mass-market appeal
17
What metric might event managers use to measure financial success?
Profit margin on ticket sales
Artist Instagram followers
Streaming count post-event
Number of songs played
18
Which growth method involves increasing output without acquisitions?
Organic growth
Takeover
Horizontal integration
Merger
19
Which of the following is an example of a UK independent music retailer?
HMV
Spotify
Amazon Music
Boomkat
20
Which of the following is an essential entrepreneurial skill for organising music events?
Negotiation
Biology
Coding
Retail pricing
