Skip to main content

Business Marketing EBK MARKETING

The available alternatives. Introduction: SP is a music application which began as an alternative to other music download services. The customers are offered access to music from its vast library either by paying subscription or by listening it for free with interrupting ads in between. The artists generally have been a little less enthusiastic since SP makes a deal with record labels and by the time it reaches to actual artists, the amount becomes pretty small. It offers various benefits to the users who pay subscription fee. It uses vast amount of customer data and then analyses it to offer best services to its customers. It helps the artists know their most passionate fans so that musicians can target them. The fact that it uses big data analytics for analyzing customer data to a large extent makes it different from its competitors. SP has alternatives of entering into some other businesses along with the current business of providing music services to its customers. It also has an opportunity in excelling in ad services since the advertisers find the information collected by the company very useful in displaying ads to those users who are enjoying the music services for free with some ads in between. SP studies the data collected from the customers using various software in order to extract most out of the procedure and this is what differentiates it from its competitors. The company makes strategies to support the advertising clients’ goals and is exploring the opportunities available in other ventures which can be connected to its core business of music like speakers. So, it can be said that it is not only focusing on making the music streaming services better but it is also looking out for options which would help it stand out in the competitive market.

The available alternatives. Introduction: SP is a music application which began as an alternative to other music download services. The customers are offered access to music from its vast library either by paying subscription or by listening it for free with interrupting ads in between. The artists generally have been a little less enthusiastic since SP makes a deal with record labels and by the time it reaches to actual artists, the amount becomes pretty small. It offers various benefits to the users who pay subscription fee. It uses vast amount of customer data and then analyses it to offer best services to its customers. It helps the artists know their most passionate fans so that musicians can target them. The fact that it uses big data analytics for analyzing customer data to a large extent makes it different from its competitors. SP has alternatives of entering into some other businesses along with the current business of providing music services to its customers. It also has an opportunity in excelling in ad services since the advertisers find the information collected by the company very useful in displaying ads to those users who are enjoying the music services for free with some ads in between. SP studies the data collected from the customers using various software in order to extract most out of the procedure and this is what differentiates it from its competitors. The company makes strategies to support the advertising clients’ goals and is exploring the opportunities available in other ventures which can be connected to its core business of music like speakers. So, it can be said that it is not only focusing on making the music streaming services better but it is also looking out for options which would help it stand out in the competitive market.

Solution Summary: The author describes SP as an alternative to other music download services. It uses vast amount of customer data and analyzes it to offer best services to its customers.

EBK MARKETING

9th Edition

ISBN: 8220103613903

Author: Stuart

Publisher: YUZU

See similar textbooks

Concept explainers

Buying is the activity that involves acquiring something of value in exchange for an asset. The acquisition could be goods or/and services. During the buying process, the exchange of value takes place between two or more parties. For instance, if you are…

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

Blurred answer

Chapter 5, Problem 31C

Chapter 5, Problem 33C

Students have asked these similar questions

what is internal and external proposal?

Explain the term Divisibility?

What is the SCOR model?

Chapter 5 Solutions

EBK MARKETING

Ch. 5 - Prob. 1QA Ch. 5 - Prob. 2QA Ch. 5 - Prob. 3QA Ch. 5 - Prob. 4QA Ch. 5 - Prob. 5QA Ch. 5 - Prob. 6QA Ch. 5 - Prob. 7QA Ch. 5 - Prob. 8QA Ch. 5 - Prob. 9QA Ch. 5 - Prob. 10QA

Ch. 5 - Prob. 11QA Ch. 5 - Prob. 12QA Ch. 5 - Prob. 30C Ch. 5 - Prob. 31C Ch. 5 - Prob. 32C Ch. 5 - Prob. 33C Ch. 5 - Prob. 34C

Knowledge Booster

Background pattern image

Marketing

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.

Similar questions

Recommended textbooks for you

Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing

Text book image

Marketing

ISBN:9780357033791

Author:Pride, William M

Publisher:South Western Educational Publishing

SEE MORE TEXTBOOKS