• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Business Studies Case Study on a Music Industry (With Diagrams)

Extracts from this document...

Introduction

Case Study Benny, a class 9 boy who excelled in the art of singing wanted to make use of his rare talent and raise money for his future education. He set up a small time business with 2 of his friends to raise money, as he was very poor. One of his friends Sam decided to handle accounts as he was skilled at Maths and had a good understanding of what price to set. Another of his friends Josh was in charge of building personal relations with some consumers to enhance sales as he had excellent persuasions and people skills. All three of them thought about different marketing strategies. ...read more.

Middle

They calculated the cost of making one CD: * They had to pay a monthly rent of Rs 10,000 for the recording studio for one month but due to lack of funds the owner of studio allowed them to pay 50% after 4 months * Printing the cover page of the CD- 5 Rupees * Cost of empty CD - 15 Rupees * Cover of the CD - 10 Rupees * Other - Rs. 5000 per month They did not think that they could do all the work themselves and hence employed 20 members of their class and promised to pay them 100 Rupees if they managed to sell 20 CD's each per month. ...read more.

Conclusion

Every week on a Saturday, which is statistically Planet M's day with the most footfalls, a special promotion took place where Benny sang live in the store. Planet M also advertised this in the Rolling Stones Magazine and newspaper. Benny became an instant hit and at the end of the year they sold 1000 CD's per month in cash and 500 CD's in credit that was to be paid by the next month. Now Benny and his friends have decided to sell the rights of the album to Tips Industry limited for 500,000 so that they could sell whole over India. They took this step as there board exams were approaching but as per the contract Benny has to perform about 1 stage show per month all over India and gets 10,000 Rupees for doing so. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Case Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Case Studies essays

  1. unit 8 business online p1

    Examples of Cyber crime: ? The computer or network is a tool of the criminal activity include spamming and criminal copyright crimes, particularly those facilitated through peer-to-peer networks. ? In which the computer or network is a target of criminal activity include unauthorized access (i.e.

  2. Business studies Coursework - Study of a small established local business

    I think that I have a good range of products that bring a lot of people into my store and the shops nearby don't have a range this wide. What competitive advantages does your store have? I cannot discuss all of my competitive advantages but what I can say is

  1. British Airways case study

    Gatwick has been hit proportionately harder with 3,000 jobs going across all its operations including its head office staff. BA is almost pulling out completely from long-haul services at Gatwick reducing the number of destinations from 41 to 15 and several short-haul routes have also gone.

  2. Unit 5 - Customer Service

    a business like for instance in the Administration Department as there are computers in use in that department. Although there may be computers available within every department as they are a tremendously affective way of communicating, recording information and completing documents. One of ASDA's main aims is to make profit.

  1. Strengths & weaknesses of a business idea. Research for a new electronics shop.

    If the products from the supplier are cheap then I will buy many products from that supplier. The supplier will supply me with the products needed to sell at the store, they will expect me to pay on time and treat the person supplying in a good way.

  2. This marketing report is going to look at the internal and external analysis of ...

    Repeat bookings and recommendations account for 75% of Mark Warner's sales, so the above finding would be very encouraging for Mark Warner. 4 people, however, said that they would not use their services in the future. From our findings, these people said that their services they were offered were disappointing

  1. Unit 5 - Customer Services A lvl

    This would basically meet the needs of the business as they would be satisfying the customer. Also Pizza hut providing value for money as pensioners don't have enough income to afford anything to expensive. Another type of customer that Pizza Hut encounters are children.

  2. Primark and Blockbuster Describe the main aims and objectives of the business and the ...

    Question 5) overall view of the business. School public Overall view of blockbuster, means it include the 4ps and the whole business layout itself. Meaning the staff, the stores and what the business should, does provide. Some positive feedback which I got back from the students was that the students thought that the deals which blockbuster gave were amazing.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work