Explain the concept of media convergence.
What will be an ideal response?
The term media convergence refers to digitally based changes in technology platform, content, and industry structure. Technological convergence means the integration of previously separate platform functionality into hybrid devices that can combine the functionality of many different existing media platforms such as books, newspapers, television, radio, and stereo equipment.
Content convergence has three dimensions: design, production, and distribution. Content design convergence occurs as content created in an older media technology is transferred into a new technology. Historically the initial transference involves little artistic change, but as the artists and producers learn how to use the new tools and how to deliver content more efficiently in the new media, the new capabilities can be fully exploited, and the art becomes measurably different. Content production convergence occurs when content, which is the most significant cost of content, is developed only once using technology that can deliver it to multiple different platforms. Production convergence drives content convergence as new tools are developed for economically producing content for delivery to multiple platforms. For example, the text produced in a word processing program can be easily converted to an HTML or PDF file for online delivery. Distribution convergence occurs when the distributors and ultimate consumers have the devices needed to receive, store, and experience the product.
Industry convergence refers to the merger of media enterprises into powerful synergistic combinations that can cross-market content on many different platforms and create new works that use multiple platforms. Traditionally, each type of media - film, text, music, television - had its own separate industry, typically composed of very large players. However, the Internet has created forces that make the merger of traditionally separate firms in separate media industries a plausible - perhaps necessary - business proposition.
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Section 3 of the Clayton Act applies to:
A. anticompetitive behavior. B. service contracts. C. true consignments. D. formal agreements only.
Which of the following statements concerning ethics is incorrect?
a. Ethics judgments are based on a standard of moral behavior as to right and wrong. b. Ethical behavior is not viewed the same by all cultures. c. Ethical judgments are objective rather than subjective. d. Reasonable people have difficulty agreeing as to where the line should be drawn between ethical and unethical acts.
Which of the following is true of a share exchange?
A) The subsidiary corporation ceases to exist after the share exchange. B) The legal existence of both corporations is retained after the exchange. C) The shares of both parent and subsidiary corporations are divided equally between themselves. D) The subsidiary corporation can have a maximum of three shareholders in the exchange.
In general, detailed, informative advertisements are most effective for high-involvement products because consumers actively search for additional information prior to making their decisions.
Answer the following statement true (T) or false (F)