HMV Announces 10% fall in Share Prices

HMV Announces 10% fall in Share Prices

Assessment

Interactive Video

Information Technology (IT), Architecture, Performing Arts

University

Hard

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The video discusses HMV's expansion in the 1970s and its current challenges in the retail market due to changes in music consumption, such as the shift from physical formats to digital downloads. Despite these challenges, HMV remains profitable by diversifying its offerings, including hosting festivals, selling merchandise, and owning entertainment venues. The company has also embraced technology to boost sales, but it must continue to adapt to remain competitive.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contributed to HMV's decision to close 60 stores?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the way people buy music changed over the years according to the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies has HMV implemented to maintain profitability?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways has technology impacted HMV's business model?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the phrase 'the times they are still a changing' imply about the music retail industry?

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