When using the free-cash flow model, cash flows are discounted at the weighted average cost of capital (WACC) and when using the dividend discount model, dividends are discounted at….
a paper 450 words
Using the case study on the U.S, music industry, additional library and Internet resources, and field visit to a local music store,
a) In 300 words, analyze how Napster led to a change in correlation of music intermediaries with six forces – entrants, substitutes, vendors (producers of music), customers (retailers and consumers of music), competitors and complementors.
b) In 75 words, identify three major strategic groups in the global music industry, and explain how these groups differ from one another.
c) in 75 words, identify the major diamond factors in the California music industry, and explain the type of music intermediation these diamond factors facilitate (e.g. based on various endowments of California such as technology and Hollywood and social diversity).
Include your citations in APA format. Your analysis should be around 450 words.