Question 1
Between 2010 and 2011, the number of music streaming subscribers grew by 62.34%.
Using the data from Extract A, calculate, to 2 decimal places, the difference between percentage growth in 2010 to 2011 and that in 2019 to 2020. You are advised to show your working.
(4)
Using the data from Extract A and your knowledge of the product life cycle, explain one way in which the marketing of music streaming might be different in 2010 compared to 2019.
(4)
Assess the likely consequences of stock market flotation for a business, such as Spotify.
(10)
Assess the consequences to a business, such as Spotify, of operating in a dynamic market.
(12)
Spotify is aiming to extend the product life cycle of its music streaming business. Spotify could either focus on marketing strategies in existing markets, such as Europe and the USA, or expand into emerging markets, such as those in Asia.
Evaluate these two options and recommend which one is most suitable for Spotify to extend the product life cycle of its music streaming business.
(20)