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Laws and Regulations
What are some key laws and regulations under which this company and the music industry must operate?
They have copyright regulations and publisher rights. It also includes the right of the U.S Patent & Trademark Office to decide and regulate the names and logos of the bands..
The economy
How does the state of the economy influence the sales of this company’s products?
If there was an economic downturn, then people are able to get online music for fairly cheap or even free by pirating the music.
Technology
What new technologies strongly affect the company you have selected?
Mobile phone and portable music devices have expanded the consumption of music. The distribution of music online has become an important medium and has made the availability of music easier. Though this may be true, copying music without purchasing it has also became much easier with pirating websites.
Demographics
What changes in the population might affect the company’s customer base?
I don't think that there would be much of an impact on Sony's customer base because the only music stores offers a wide variety of music for every generation and every kind on genre.
What are some key laws and regulations under which this company and the music industry must operate?
They have copyright regulations and publisher rights. It also includes the right of the U.S Patent & Trademark Office to decide and regulate the names and logos of the bands..
The economy
How does the state of the economy influence the sales of this company’s products?
If there was an economic downturn, then people are able to get online music for fairly cheap or even free by pirating the music.
Technology
What new technologies strongly affect the company you have selected?
Mobile phone and portable music devices have expanded the consumption of music. The distribution of music online has become an important medium and has made the availability of music easier. Though this may be true, copying music without purchasing it has also became much easier with pirating websites.
Demographics
What changes in the population might affect the company’s customer base?
I don't think that there would be much of an impact on Sony's customer base because the only music stores offers a wide variety of music for every generation and every kind on genre.