Video Case Chapter 1
1. Nederland Concerts competes for audiences and with other concert arenas and promoters. Do you think it also competes for those audiences with TV, movies, CDs, DVD’s, streaming video, and sports events?
I do believe that Nederland Concerts competes with; TV, movies, cd’s, DVD’s, streaming video’s, and sports events because of many reasons, for one thing, timing. I for one never have time to or the money to go to a concert; watching TV, DVD’s or streaming videos is a lot cheaper and economical for me and many other Americans who are on budgets. Nederland Concerts also compete with sports events, it the American past time. Americans will either go to the game if they can afford it or watch it on the TV, Especially if they are a hardcore sports fan.
2. How many different groups can you think of whose needs Nederland Concerts must satisfy to remain a successful business?
Nederland Concerts must satisfy the needs of their partners, shareholders, the partnership between the agent and the buyer, and the offer of the deal in order to stay competitive and get the artisit the people are vying for.
3. Give an example showing how Nederland Concerts uses each of the four factors of production?
Nederland Concerts uses each of the four factors of production, for example; Land and natural resources, the concert has to be setup either at a park or amphitheater. Food will need to be served as well. Labor, Nederland Concerts will need employees to run the concerts, from security, ticket vendors, cleanup crews, sales agents, managers, etc. capital, sound system, chairs, money from the tickets, food, souvenirs shops. Entrepreneurship, the owner or owners of Nederland concerts will be financing the company till it can take care of itself and make a healthy
I do believe that Nederland Concerts competes with; TV, movies, cd’s, DVD’s, streaming video’s, and sports events because of many reasons, for one thing, timing. I for one never have time to or the money to go to a concert; watching TV, DVD’s or streaming videos is a lot cheaper and economical for me and many other Americans who are on budgets. Nederland Concerts also compete with sports events, it the American past time. Americans will either go to the game if they can afford it or watch it on the TV, Especially if they are a hardcore sports fan.
2. How many different groups can you think of whose needs Nederland Concerts must satisfy to remain a successful business?
Nederland Concerts must satisfy the needs of their partners, shareholders, the partnership between the agent and the buyer, and the offer of the deal in order to stay competitive and get the artisit the people are vying for.
3. Give an example showing how Nederland Concerts uses each of the four factors of production?
Nederland Concerts uses each of the four factors of production, for example; Land and natural resources, the concert has to be setup either at a park or amphitheater. Food will need to be served as well. Labor, Nederland Concerts will need employees to run the concerts, from security, ticket vendors, cleanup crews, sales agents, managers, etc. capital, sound system, chairs, money from the tickets, food, souvenirs shops. Entrepreneurship, the owner or owners of Nederland concerts will be financing the company till it can take care of itself and make a healthy